Michael Saylor Discusses Strategy’s Response to Bear Market Challenges
Key Points from Michael Saylor's Remarks at Bitcoin Conference
- Saylor addressed concerns about Strategy (MSTR) if its multiple to net asset value (mNAV) fell below 1, as it did in the past.
- He compared Strategy to the Grayscale Bitcoin Trust (GBTC), noting that GBTC lacks operational flexibility.
- Saylor stated that Strategy can manage capital dynamically by taking on debt.
- If stock value dropped significantly, the company would sell preferred stock or fixed income instruments STRK and STRF to repurchase common stock.
- Emphasized the importance of creating options to increase value.
- Highlighted Strategy’s access to liquidity through multiple at-the-market offerings (ATMs) across various capital markets.