Michael Saylor's company, Strategy Inc., is making changes to its funding strategy due to recent market fluctuations. These changes aim to improve the company's financial performance.
Company Strategy Update
Strategy Inc. announced a revision to its stock sale rules. Initially, the company planned to slow down the sale of common shares and focus on selling perpetual preferred shares. However, the new statement indicates that the company may sell shares even below previously established levels if deemed beneficial for the business.
Bitcoin Purchases and Their Impact
According to the latest reports, the company purchased 430 bitcoins for $51.4 million in the week ending August 17. This is significantly less than previous months, and Strategy's total bitcoin holdings are now approximately $72 billion. However, the company's stock has declined by 22% since November, despite bitcoin's 23% rise over the same period.
Analyst Opinions on New Strategy
Analysts express mixed opinions regarding Saylor's new strategy. Brian Dobson from Clear Street noted that the changes provide the company with more opportunities for proactive actions in the future. Meanwhile, analyst Jim Chanos commented on the lowered margin and declining demand for preferred shares.
The changes in the funding strategy of Strategy Inc. under Michael Saylor reflect attempts to adapt to new market conditions. Time will reveal where this leads the company.
