Strategy prioritizes STRC, cash reserves, and credit operations for now, with stock buybacks not currently under consideration

Odaily News: Strategy Executive Chairman Michael Saylor said on Monday that the company is currently prioritizing STRC preferred stock, cash reserves, and credit operations over stock buybacks. Affected by Bitcoin's decline, MSTR has fallen approximately 38% this year. Saylor stated that if MSTR were to trade at a "very deep discount" relative to its net asset value, a buyback might be considered, but it is not a priority at present. Strategy CEO Phong Le defended the issuance of new MSTR shares, noting that when MSTR trades above the value of its underlying assets, issuing shares to purchase Bitcoin can increase the BTC per share metric. Following the decline in STRC, the company has held $4.8 billion in cash to cover dividend payments, and Saylor plans to maintain a substantial cash balance for operational flexibility.