Samson Mow's questions to Microstrategy Inc (MSTR) leadership • Q2 2025
Question
Samson Mow of JAN3 questioned the effectiveness of preferred shares for generating yield during a sideways Bitcoin market and asked under what conditions the company might increase its leverage.
Answer
Executive Chairman Michael Saylor stated that a sideways market is beneficial as it lowers Bitcoin's volatility, which improves the credit profile of their instruments and makes the credit strategy easier. He emphasized that educating the market about the superior yield of their digital credit products compared to traditional finance is the primary driver, which overwhelms near-term BTC price action.