Strategy Prioritizes STRC, Cash Reserves, and Credit Business; Stock Buyback Not Currently Under Consideration

Odaily News: Strategy Executive Chairman Michael Saylor said on Monday that the company currently prioritizes STRC preferred stock, cash reserves, and credit operations over stock buybacks. Affected by Bitcoin's decline, MSTR has fallen about 38% this year. Saylor stated that if MSTR experiences a "very deep discount" relative to its net asset value, a buyback may be considered, but it is not a priority at present. Strategy CEO Phong Le defended the issuance of new MSTR shares, stating that when MSTR trades above the value of its underlying assets, issuing shares to purchase Bitcoin can increase BTC per share. Following the decline of 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.