Odaily Planet Daily reports: Michael Saylor, Executive Chairman of Strategy, said during the company’s Q2 earnings call that although the company has historically allocated nearly “100% of its funds to Bitcoin,” it may adopt a mixed strategy holding both cash and BTC in the future. He stated, “Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately.”
TD Cowen and Benchmark both maintained a Buy rating on the stock following the Q2 strategy call. Both institutions believe that the company’s current management team has shifted its primary focus to bringing the price of its STRC preferred shares back to par value, thereby restoring their functionality as a financing tool.
TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management’s strong emphasis on STRC. Company executives repeatedly stressed that returning STRC to par value is a core objective, and noted that institutional adoption continues to grow despite recent price deviations of the security.
Benchmark analyst Mark Palmer holds a similar view. He noted that during the 90-minute conference call, Saylor and his team spent most of the time focused on a single goal: restoring STRC to the $99 to $100 range to reinstate it as the primary engine for the company’s fundraising to purchase Bitcoin.