Saylor: MSTR Investors Should Hold for at Least Four Years, Preferably Seven to 10, and Be Prepared for Difficult Years

Strategy Executive Chairman Michael Saylor said MSTR investors should have at least a four-year time horizon, with seven to 10 years preferable, and should be prepared for difficult years. He said share buybacks are not currently a priority and would likely be considered only if MSTR trades at a very deep discount to NAV. Strategy currently holds about $4.8 billion in cash, giving it flexibility to buy Bitcoin, repurchase MSTR or preferred shares, or repay debt, while Saylor added that the company must be able to sell Bitcoin as well as buy it.