TechFlow news, August 20 — According to Cointelegraph, Strategy's (MSTR) stock price dropped 7.43% yesterday to close at $336.57, the lowest level since April 17, possibly due to Bitcoin price correction and adjustments in the company's stock issuance policy.
Earlier, Strategy CEO Michael Saylor announced an update to the stock issuance guidance, stating that the company may conduct strategic stock offerings when MSTR's share price falls below 2.5 times its modified net asset value (mNAV). The announcement sparked controversy among shareholders, with some arguing it contradicts previous statements in the Q2 earnings report, while others view it as a positive signal for increasing Bitcoin holdings.
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