As Strategy’s (MSTR) stock price continues to decline, Executive Chairman Michael Saylor felt compelled to address growing investor concerns for the second time in two weeks.
Last Friday, Saylor dismissed rumors that the company was selling Bitcoin, saying there was “no truth to that rumor.”
Meanwhile, on Thursday, market nerves were hit again after JPMorgan warned that an upcoming move by MSCI could force MSTR out of major stock indexes, potentially triggering further downward volatility.
Saylor responded once again on
“The strategy is not a fund, nor a trust, nor a holding company. We are a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses bitcoin as productive capital,” Saylor said.
Saylor argued that while funds and trusts passively hold assets, Strategy actively creates, structures and issues products, positioning the company as a new type of structured finance business backed by Bitcoin.
“This year alone, we have completed five public offerings of digital credit securities, STRK, STRF, STRD, STRC and STRE, representing over $7.7 billion in notional value,” Saylor added.
Saylor concluded that no passive vehicle or holding company could replicate what Strategy has built.
MSTR shares fell another 3% on Friday, trading near $171.
