Phong LE

Strategy is keeping share repurchases secondary while it builds liquidity, supports STRC and manages its bitcoin-linked balance sheet. Michael Saylor said MSTR buybacks remain possible if shares trade at a very deep discount to net asset value.

Bitcoin remains pinned near $64K, with technical traders watching whether fading selling pressure can support a broader recovery. Corporate balance-sheet moves and weak miner fee revenue add important context as long-term holders continue to assess risk and opportunity.

Strategy is carrying a multibillion dollar cash reserve after finding that some investors do not treat bitcoin liquidity as a substitute for dollars. CEO Phong Le says the shift supports the company’s preferred stock products and its ambition to become a broader digital finance platform.