Strategy Opens the Door to Bitcoin Sales—Michael Saylor Explains Why It Makes Sense
Key TakeawaysMichael Saylor explained that Strategy may fund STRC repurchases through MSTR stock sales or bitcoin sales.The company plans to adjust STRC repurchases according to market price and liquidity.Saylors objective centers on stronger liquidity, lower volatility, and sustainable independent demand for STRC. Why Saylor Anticipates More Bitcoin Sales Michael Saylor, Executive Chairman of Strategy Inc. (Nasdaq: MSTR), revealed on July 27 in an X post that future STRC repurchases may be funded through either bitcoin sales or MSTR stock sales, depending on market conditions. STRC is Strategys Variable Rate Series A Perpetual Stretch Preferred Stock, carrying a $100 stated amount and a dividend rate that management evaluates monthly. Bitcoin sales could become an attractive financing option when STRC trades sufficiently below $100, allowing the company to retire preferred shares at a discount. Saylor said the company aims to keep STRC trading near its $100 stated amount with high liquidity, low volatility, and sustainable independent demand. Under Strategys digital credit capital framework, it does not intend to issue additional STRC below $100. Discounted Buybacks Guide the Purchase Pace During the week ending July 26, the company repurchased 288,930 STRC shares for approximately $25 million at an average price of $86.52 per share, the company announced on July