MicroStrategy CEO stated at the Binance Blockchain Week that the company's strategy is:
If the company's stock price rises above the corresponding Bitcoin value per share, then distribute stocks to the market for financing;
If the stock price falls below the corresponding Bitcoin value per share, then sell Bitcoin or related derivatives to replenish cash.
In simple terms, if the stock price is high, sell stocks; if the stock price is low, sell coins.
Regarding which value is greater between stock price and Bitcoin, one can directly look at mNAV. When mNAV < 1, MicroStrategy may sell Bitcoin. This indicator can be directly checked on their official website, and the current value is 1.16. The cost price of Bitcoin held by MicroStrategy is $74,436.
