Michael Saylor's company, Strategy, is implementing a turnaround plan that includes a stock buyback and selling bitcoin to regain investor confidence after a prolonged crypto selloff affected its stock prices. The company plans to repurchase up to $1 billion in preferred shares and Class A common stock. Additionally, it may sell bitcoin to raise $1.25 billion for dividend payments, debt interest, and its share-repurchase program. As of June 28, Strategy increased its cash reserves to $2.55 billion.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/finance/currencies/strategys-turnaround-plan-includes-stock-buyback-bitcoin-sales-and-more-reserves-4c61c8b6

Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves

A monthslong crypto selloff has hammered the shares of Michael Saylor’s bitcoin-hoarding company

Vicky Ge Huang

Comments Button

Listen

(2 min)

Michael Saylor while walking offstage at the 2026 Bitcoin Conference. Michael Saylor, co-founder and executive chairman of StrategyRoger Kisby for WSJ

Michael Saylor’sStrategy MSTR12.60%increase; up pointing triangle plans to buy back stock and sell bitcoin among many moves aimed at stemming the loss of confidence in the crypto-hoarding company.

Strategy said Monday it would repurchase as much as $1 billion of its preferred shares and up to $1 billion of its Class A common stock. It also said it might sell bitcoin to raise up to $1.25 billion in cash to help cover the dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve. Strategy said it had boosted this cash reserve to $2.55 billion as of June 28.

Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves

Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves

A monthslong crypto selloff has hammered the shares of Michael Saylor’s bitcoin-hoarding company

Videos

Most Popular News

Most Popular

Recommended Videos