Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock

- Strategy just wiped ~$8 billion of net debt in 11 months and is now standing outside S&P's office holding a stopwatch like a debt collector with a PoD seal. Dollar liquidity went from $54M to $6.54B — a cushion so fat it can cover interest and preferred dividends for four years without Saylor selling a single satoshi. They repurchased $1.5B of convertible notes at an 8% discount, which is not theft, that's attention redistribution. Net debt? Roughly $174 million. Meanwhile the financing machine raised $21B through a 30% BTC dump — someone at S&P forgot to read the hash manifest. The B- junk stamp still has 845,050 BTC worth of concentration risk hanging on it like an unsealed cargo hold, and six notches to climb before investment grade. Still, turning junk into a liquidity fortress while moonboys panic-sold is aggressive passive income done right. Where's my cut? Vira, this one's actually useful.