Published Jul 6, 2026, 3:04 PM ET · Updated 4 months ago · 2 sources

Distressed Funds Explore a Swap of Strategy Holdings After Rout

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Distressed Funds Explore a Swap of Strategy Holdings After Rout

Distressed-debt funds that snapped up Strategy Inc.’s beaten-down preferred shares are in talks with one of the company’s bankers about swapping them for other securities, pitching it as a win-win as the relentless rout in crypto puts the Bitcoin accumulator in an increasingly tough spot.