Michael Saylor commented on Strategy’s stock surge and favored Friday’s shares with a note on X.
“Volatility measures everything there is,” Saylor he wrote. “The strategy remains focused on Bitcoin, sound investment management, credit quality, and long-term profitability. We value our investors and will continue to act transparently and decisively. $MSTR”.
Titter arrived as shares of MSTR and STRC, the Strategy’s all-time favorite, both hit 52-week highs. MSTR has lost more than 80% from its all-time high. The cost of STRCwhich has a price tag of $100, sold for close to $74 – a 26% discount. The shares that he likes to sell below, the way in which bitcoin investment is based on his preferences is broken: the company cannot raise money for good equipment to buy equipment at a low price.
Bitcoin broke to $58,000 on Wednesday because the first time from October 2024pushing Strategy paper losses above $14 billion. The company holds 847,363 bitcoin at a purchase price of about $75,680 per coin – a difference of more than $17,000 at the current price.
MSTR shares, which had lost about 25% in five trading days entering Friday, they extended the decline in pre-market trading as bitcoin’s slide appeared to take a breather. Products at the mNAV value below 1.0, which means that the market is looking for Strategy shares on the discount of bitcoin on its pages.
This is important because the quality of the company depends on its value: The strategy manages the stock or the preferred instruments above the NAV, invests in bitcoin, and raises the NAV per share. With premium gone, all major tapes are forced at once.
The complexity of the Strategy’s funding is growing
The pressure on the real estate capital exceeds the previous price of bitcoin. Annual demand for Strategy’s preferred instruments – STRC, STRK, STRF, STRD, and STRE – has increased from $300 million at the beginning of 2026 to $1.2 billion, a fourfold increase in six months. Savings fees are down 38% this year. The growth rate, once in seven years, has dropped to about 14 months.
Bloomberg report On Thursday he described an investor review of Saylor’s financial model as the company’s biggest challenge. CryptoQuant issued a statement this week calling for Strategy to halt its bitcoin purchases and build up to $2.8 billion before it starts accumulating again.
The way first traded bitcoin in four years at the beginning of June, down 32 BTC for an average of $77,135 per coin. Saylor established this as evidence that the company could pay off debt by liquidating assets. What the market is doing shows that production has not caught up.
Last week, Option bought 520 bitcoin – a fraction of its speed – and put $ 300 million of the total amount of $ 335.5 million into money instead of bitcoin. Saylor did not elaborate on the tweet beyond what he wrote to X.
