Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Distressed Funds Explore a Swap of Strategy Holdings After Rout
Business & Finance

Distressed Funds Explore a Swap of Strategy Holdings After Rout

Distressed Funds Explore a Swap of Strategy Holdings After Rout
Bloomberg Markets Monday 06 July 2026, 19:04 UTC By Reshmi Basu 1 min read
Key Points

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. The investors have had conversations with Moelis & Co. about exchanging their holdings for other preferred shares at a discounted price, or...

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. The investors have had conversations with Moelis & Co. about exchanging their holdings for other preferred shares at a discounted price, or potentially for common shares, which have plunged by roughly 75% in the past year, according to people familiar with the matter.
Strategy Inc.’s (ORG) Bitcoin (ORG) Moelis & Co. (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Think the U.S. stock market is too heavily exposed to AI? It’s even worse abroad.

Stock-market concentration is hardly just an issue in the U.S.

MarketWatch 19m ago

GameStop investors clear the way for a fresh attempt at buying eBay

Shareholders approved a change that will let the video-game retailer issue more stock.

MarketWatch 41m ago

U.S. resumes 'powerful strikes' on Iran after Hormuz Strait ship attacks, CENTCOM says

The U.S. began a "series of powerful strikes" against Iran on Tuesday in retaliation for Iranian attacks on three commercial vessels transiting the Strait of Hormuz, U.S. Central Command said. The new U.S. attacks threaten to reignite conflict in the region, and could spark fears that the Strait of Hormuz will close again. Oil prices rose dramatically during the U.S.-Iran conflict, stoking inflation around the globe.

CNBC 46m ago

Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally

Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally ExxonMobil Holdings Corp. said second-quarter earnings jumped by almost $4 billion as the Iran conflict boosted oil prices. The $3.7 billion profit increase from the upsurge in crude markets was compounded by an additional $3.3 billion in refining and chemical gains, the Spring, Texas-based company said in a statement on Tuesday.

Bloomberg Markets 49m ago