Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor and CEO Phong Le recently defended the company’s Bitcoin-focused capital strategy, arguing that near-term pain and equity issuance are necessary.
Is Strategy Diluting MSTR Shareholders?
During Strategy’s second investor Q&A with Natalie Brunell, Le addressed shareholder concerns after Bitcoin (CRYPTO: BTC) fell roughly 50% from its highs while MSTR suffered a rough 75% drawdown.
Le explained Strategy’s common shareholders remain its top priority but stressed that MSTR is deliberately designed to provide amplified Bitcoin exposure. That means it can outperform Bitcoin during rallies while experiencing steeper losses during downturns.
Saylor acknowledged the frustration, noting that he personally owns more than 19 million MSTR shares.
