Strategy Prioritizes STRC and Cash Over Buybacks Amid 38% MSTR Drop

Strategy focuses on STRC, cash reserves, and credit services, deferring stock buybacks despite MSTR's 38% annual decline. $4.8B cash held for dividends.

Woofun AI reports that Strategy executive chairman Michael Saylor confirmed the company is prioritizing STRC preferred stocks, cash reserves, and credit operations over stock buybacks. Although MSTR has declined approximately 38% this year due to falling BTC prices, Saylor noted that a "very deep discount" relative to asset value could trigger future buyback considerations, though this remains a low priority. CEO Phong Le defended new share issuances, arguing that buying BTC when MSTR's value exceeds underlying assets increases BTC content per share. The company currently holds $4.8 billion in cash to cover dividend payments, with plans to maintain high liquidity for flexibility.