Michael Saylor: Strategy is operating normally.
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CZ comments on Strategy: Its asset structure is overly complex, but considers Michael Saylor a "steadfast Bitcoin supporter."
According to Mars Finance, on June 29th, CZ stated in an interview that Strategy's preferred stock STRC structure was "too complex," adding that he "tried many times before figuring it out." The product relies on Bitcoin as underlying collateral, introducing a structural contradiction: while the long-term appreciation theory of Bitcoin may be valid, its volatility makes it a challenging foundation for leveraged instruments. CZ also emphasized that he would not comment on the reputation of its founder, Michael Saylor, considering him a "strong supporter of Bitcoin."
Michael Saylor reviews the Bitcoin strategy, noting that Strategy's asset reserves exceed its debt by approximately $48 billion.
According to Mars Finance, Michael Saylor reviewed Strategy's Bitcoin strategy in an article, stating that when he gave a speech in October 2022, the price of Bitcoin was around $20,000. Strategy held 130,000 BTC at the time, worth approximately $2.6 billion, and its stock, MSTR (adjusted for stock split), was priced at around $24. Weeks later, Bitcoin fell below $16,000, and the company's debt at one point exceeded the total value of its BTC and cash reserves by approximately $300 million. MSTR's stock price also fell to around $13 by the end of 2022. Strategy subsequently persisted with its Bitcoin strategy, strengthened its operations, and continued to raise funds to invest in BTC. Since 2022, the company has raised over $60 billion in new capital, which has been used to purchase Bitcoin, adding over 716,000 BTC to its holdings. Currently, Strategy's BTC and dollar reserves are worth approximately $48 billion more than its debt, and it will continue to adhere to a long-term strategy.
Michael Saylor: Strategy currently holds approximately $2.55 billion in cash reserves.
According to Odaily Odaily, Michael Saylor posted on the X platform that Strategy has sold 3,588 BTC, raising approximately $216 million, which will be used to pay dividends related to digital credit securities. This dividend payout covers the quarterly dividends of digital credit securities such as STRF, STRE, STRK, and STRD, as well as the full monthly dividend for STRC in June. As of July 5, 2026, Strategy still held 843,775 Bitcoins and approximately $2.55 billion in cash reserves.
Michael Saylor: Strategy will remain cautious in its use of equity financing.
According to Odaily Odaily, Michael Saylor stated in an article on the X platform that Strategy ($MSTR) will maintain discipline when using stock offerings for financing, especially when the stock price is close to or at 1 times market net asset value (mNAV). He emphasized that Strategy will not rely excessively on equity financing when valuations are weak or close to net asset value in order to avoid unnecessary dilution of the shareholder structure and maintain the robustness of long-term capital operations.
Michael Saylor: Strategy will continue to focus on Bitcoin and disciplined capital allocation.
According to Foresight News , Strategy founder Michael Saylor tweeted that market volatility tests every capital structure, and Strategy will continue to focus on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. He also thanked investors for their support and pledged to continue to execute with transparency and determination.
Rosen Law Firm is investigating Michael Saylor's Strategy, which may be involved in allegations of securities misrepresentation.
Odaily that law firm Rosen Law Firm has announced an investigation into Michael Saylor's companies Strategy (MSTR) and STRC, involving potential securities law claims. According to the firm, Strategy "may have released materially misleading business information to the investing public," and is therefore assessing potential investor losses and legal liabilities.