Michael Saylor Says Strategy Will Be Disciplined With Equity Issuance Near 1x mNAV

Michael Saylor said Strategy will maintain discipline when raising funds through stock issuance, particularly when its share price is near or at 1x market net asset value (mNAV). According to Odaily, Saylor wrote on X that the company will not overly rely on equity financing when valuations are weak or close to net asset value. He said the approach is intended to avoid unnecessary dilution of the shareholder structure and to maintain stability in the company’s long-term capital operations.