The Strategy stock price has dropped to a near four-month low, with Saylor stating that the company will loosen restrictions on issuing more shares.

By: theblockbeats.news|2025/08/20 05:52:05
0
Share
copy

BlockBeats News, August 20th, Michael Saylor-led Strategy (MSTR) saw its stock price drop to a near four-month low due to an overall decline in cryptocurrency treasury companies, a pullback in Bitcoin's price, and Saylor's statement that the company would relax restrictions on issuing more stock.

Since Monday, MSTR's stock price has fallen by 8%; meanwhile, Bitcoin, after hitting a historic high of $124,128 last Thursday, has dropped by 8.6% to $113,631. Saylor posted on social media on Monday: "Strategy has announced today an update to the MSTR stock ATM (additional issuance) policy to provide greater flexibility in the execution of our capital allocation strategy." He also attached a chart showing the company's ability to issue stock at levels below the previous restrictions.

The updated policy states that when MSTR's trading price is less than 2.5 times the net asset value (mNAV), the company can "strategically issue MSTR" to pay debt interest, fund preferred stock dividends, or operate in situations considered "advantageous to the company." Some MSTR shareholders criticized this move, seeing it as a significant reversal from the stance in the second-quarter report. At that time, the company only mentioned issuing stock below that level for debt repayment or preferred stock dividends.

However, some believe this is positive for Bitcoin, as it could mean MSTR might buy more BTC. According to Strategy's data, the company's current mNAV is 1.55.

You may also like

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com