Michael Saylor Defends Strategy’s Bitcoin Focus as Shares Hit 52-Week Lows
Strategy Executive Chairman Michael Saylor responded to market scrutiny after MSTR and STRC preferred shares reached new 52-week lows.
Strategy (formerly MicroStrategy) shares and its convertible preferred stock (STRC) both hit new 52-week lows on Friday, prompting Executive Chairman Michael Saylor to publicly defend the company’s long-term Bitcoin-focused strategy.
In a post on X (formerly Twitter), Saylor reiterated that Strategy’s Bitcoin accumulation strategy is designed for the long term and that the company remains committed to its digital asset treasury approach despite current market headwinds.
- Strategy holds approximately 226,331 Bitcoin as of early March 2025.
- MSTR shares fell over 5% on Friday to a new 52-week low.
- STRC, the company’s 8.00% Series A Perpetual Strike Preferred Stock, also hit a record low.
Market Context
The decline comes amid broader weakness in Bitcoin and crypto-related equities. Strategy is the largest corporate holder of Bitcoin, and its stock price has historically correlated closely with Bitcoin’s performance.