Strategy Executive Chairman Michael Saylor stated that repurchasing MSTR stock is not currently a priority for the company. Buybacks would only be considered if MSTR trades at a significant discount to its net asset value (NAV). Strategy is currently more focused on its STRC preferred stock business and cash reserves, holding approximately $4.8 billion in cash to cover STRC dividends, maintain flexibility for Bitcoin purchases, MSTR or preferred stock buybacks, and debt repayment. Saylor emphasized that the company needs the ability to buy and sell Bitcoin and will adjust its cash reserves and purchasing pace based on Bitcoin's level relative to its 200-week moving average. He suggested that MSTR investors should hold for at least 4 years, ideally 7 to 10 years, and warned that investors "must be prepared to endure tough years." (CoinDesk) https://(wublock123.com)/news/saylor-mstr-buybacks-not-priority-only-if-significantly-discounted-to-nav-66678