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Strategy's stock price fell to a nearly four-month low, and Saylor said it would relax restrictions on additional issuance.
2025-08-20 05:17:38

According to Odaily Planet Daily, the share price of Strategy (MSTR), led by Michael Saylor, has fallen to a near four-month low, a cumulative decline of approximately 8%. During the same period, Bitcoin has fallen back to $113,631, a drop of approximately 8.6%, since hitting an all-time high of $124,128 last Thursday. Saylor stated on social media that the company has updated its ATM (additional issuance) guidelines for MSTR shares to increase flexibility in capital market operations. Under the new policy, when MSTR's trading price is below 2.5 times its net asset value (mNAV), the company can still issue shares if necessary to repay debt, pay preferred stock dividends, or other matters deemed beneficial. This adjustment has been criticized by some shareholders as a reversal of the company's stance on the second-quarter financial report, but others believe it indicates the company may further increase its Bitcoin holdings. Strategy's mNAV is currently 1.55. (CoinTelegraph)