Michael Saylor’s company, Strategy (MSTR), has experienced a significant stock price decline, falling to near four-month lows. This drop coincides with the broader downturn in cryptocurrency vault companies and Bitcoin’s recent retreat. Saylor’s recent announcement of relaxed restrictions on issuing MSTR stock further fueled market volatility. MSTR shares have dropped 8% since Monday, while Bitcoin has experienced an 8.6% decline from its record high last Thursday. On Monday, Saylor shared that Strategy has amended its MSTR stock issuance guidelines to offer greater flexibility in capital market strategies. The revised policy allows for the issuance of MSTR when the company’s trading price falls below 2.5 times its net asset value (mNAV). This includes utilizing MSTR for debt interest payments, preferred stock dividend payments, or other strategic initiatives deemed beneficial by the company. Some shareholders have expressed concerns about this move, as it deviates from Strategy’s previous stance on stock issuance. Others view it positively, suggesting a potential increase in Bitcoin purchases. According to Strategy’s data, their current mNAV stands at 1.55.