Michael Saylor Responds to Scrutiny as Strategy Shares and STRC Hit 52-Week Lows

Michael Saylor defended Strategy's long-term Bitcoin-focused strategy on X after MSTR and its preferred shares reached 52-week lows. The flagship preferred stock, STRC, hit a new record low during U.S. market opening as Bitcoin remained below $60,000. Saylor acknowledged the current situation as a volatility test. These developments occurred as the company faced increased scrutiny due to the decline in share prices and general Bitcoin weakness affecting the overall market performance of Strategy.