CoinDesk·3 min read·medium
Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve
H
Helene Braun
✦AI Summary
MicroStrategy CEO Michael Saylor explains that the company is prioritizing cash reserves and preferred stock management over share buybacks. The company continues to balance stock issuance with bitcoin acquisitions to maintain financial flexibility.
The comments during a Monday Q&A follow a rough stretch for Strategy’s common shareholders. MSTR is down about 38% this year and 73% year-over-year, driven in large part by bitcoin’s BTC $ 64,398.48 decline, as well as by the consistent issuance of common stock to fund more bitcoin purchases, build cash reserves, pay dividends, and repurchase preferred stock.
businesscryptoeconomy
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