📉 Strategy (MSTR) Hits 4-Month Low Amid Bitcoin Pullback & Policy Shift
According to BlockBeats, shares of Strategy (MSTR), led by Michael Saylor, dropped to a near four-month low, driven by:
Broad weakness in crypto vault companies
Bitcoin’s decline from $124,128 (record high last Thursday) to $113,631 (-8.6%)
Saylor’s update easing restrictions on issuing new stock
🔹 Key Developments
Since Monday, MSTR is down ~8%.
Saylor announced that the company updated its ATM issuance guidelines, granting more flexibility in capital market execution.
New policy: when MSTR trades < 2.5x mNAV, shares may be issued to:
• Pay debt interest
• Fund preferred stock dividends
• Support other beneficial operations
🔸 Market Reactions
Critics: View this as a reversal from Q2 guidance, where stock issuance below the threshold was limited only to debt or dividend obligations.
Supporters: Believe this could be bullish for Bitcoin, as the capital might be used to buy more BTC.
📊 Current mNAV: 1.55
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⚡ Implication: The move sparks debate—dilution risk for shareholders vs. potential long-term Bitcoin accumulation strategy.
#CryptoNews #Bitcoin #MSTR #MichaelSaylor #StockMarket