Michael Saylor · Strategy · Bitcoin · Bitcoin Magazine
Michael Saylor Responds to Scrutiny as Strategy Shares and STRC Hit 52-Week Lows
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Michael Saylor took to X to defend Strategy's long-term Bitcoin-focused strategy after MSTR and its preferred shares hit new lows.
Key facts
- Annual dividend obligations on Strategy’s preferred instruments, STRC, STRK, STRF, STRD, and STRE, have risen from $300 million at the start of 2026 to $1.2 billion, a fourfold increase in six months
- STRC, which carries a par value of $100, traded near $74, a 26% discount
- Bitcoin broke to $58,000 Wednesday for the first time since October 2024, pushing Strategy’s paper losses above $14 billion
- Last week, Strategy bought 520 bitcoin, a fraction of its prior pace, and put $300 million of a $335.5 million equity raise into cash rather than bitcoin
Summary
Michael Saylor responded to the deepening selloff in Strategy’s stock and preferred shares Friday with a statement on X. “Volatility tests every capital structure,” Saylor wrote. The tweet landed as MSTR shares and STRC, Strategy’s variable-rate perpetual preferred, both hit 52-week lows. Bitcoin broke to $58,000 Wednesday for the first time since October 2024, pushing Strategy’s paper losses above $14 billion.