Strategy CEO revamps share issuance rules as stock plunges faster than Bitcoin

Strategy Inc.'s CEO Phong Le announced a simplified formula for issuing new shares amid a steep decline in the company's stock, which has fallen 39.45% year-to-date, outpacing Bitcoin's 26.43% drop. The new mNAV formula introduces a fixed efficiency threshold to make share issuance more transparent and aims to restore investor confidence by ensuring any new shares increase Bitcoin per share. This move comes as the company's market value and debt instruments have sharply declined, prompting an emergency repurchase of preferred shares. The reform is intended to stabilize the company's financial outlook amid ongoing market pressures.