Michael Saylor Announces Shift from 100% Bitcoin Allocation to Cash-BTC Mix

ME News reports that on August 1 (UTC+8), Michael Saylor, Executive Chairman of Strategy, stated during the company’s Q2 earnings call that although the company has historically allocated nearly “100% of its capital to Bitcoin,” it may adopt a blended strategy of holding both cash and BTC going forward. He added, “Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately.” TD Cowen and Benchmark both maintained their “Buy” ratings on Strategy following the Q2 earnings call. Both institutions believe the current management team’s primary objective has shifted toward restoring the price of its STRC preferred shares close to par value, thereby reviving their functionality as a financing instrument. TD Cowen analyst Lance Vitanza noted that the most important takeaway from the call was management’s strong focus on STRC. Executives repeatedly emphasized that returning STRC to par value is a core goal, and highlighted that despite recent price deviations, institutional adoption continues to rise. Benchmark analyst Mark Palmer echoed this view, stating that for the majority of the 90-minute call, Saylor and his team focused on one central objective: restoring STRC to the $99–$100 range to reestablish it as the company’s primary engine for raising capital to purchase Bitcoin. (Source: ODAILY)