{"id":"tp-47892","type":"article-newspaper","title":"Strategy Puts Net Leverage at 3% Under Formula Excluding Preferred Stock","author":"John Kim","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/47892","datePublished":"2026-11-03T18:13:08.000Z","dateModified":"2026-11-03T18:13:08.000Z","language":"en","abstract":"The company’s calculation subtracts USD Assets from debt before dividing by BTC Reserve. It does not measure every claim against Strategy’s Bitcoin holdings.","section":"Business","references":[{"title":"Bitcoin purchase and STRC repurchase","url":"https://www.tokenpost.com/news/business/47272"}]}