Reported 3 days ago
During a Bitcoin conference in Las Vegas, Michael Saylor, Executive Chairman of Strategy, discussed concerns regarding the company's stock potentially dropping below a net asset value of 1. He contrasted Strategy's fluid business model with the rigid structure of Grayscale Bitcoin Trust and revealed a contingency plan: if the stock price declines, the company could sell financial products to buy back shares, thus reinforcing investor confidence. Saylor emphasized that Strategy's access to multiple capital markets is crucial for navigating volatility and maintaining operational flexibility.
Source: YAHOO