Saylor's Strategy Shifts From Bitcoin Accumulation

Strategy Inc, led by executive chairman Michael Saylor, has modified its bitcoin accumulation strategy. In the past week, the company sold US$333.7 million of common stock to fund the repurchase of preferred shares and a cash reserve.

This move comes after Saylor announced in June that Strategy was pivoting from its original bitcoin accumulation blueprint to a capital management approach.

Since then, Strategy has sold about US$2.1 billion of common stock while buying back approximately US$347 million of its STRC preferred shares.