Michael Saylor Prioritizes Bitcoin Treasury Over Share Buybacks as Strategy Amasses $4.8B Cash Reserve

Michael Saylor, the co-founder and chairman of Strategy (formerly MicroStrategy), has clarified that share buybacks are not a current priority for the company. Instead, the firm is laser-focused on expanding its corporate Bitcoin (BTC) treasury. According to recent filings, Strategy has built a substantial cash reserve of $4.8 billion, signaling a continued aggressive accumulation strategy. Saylor emphasized that the primary goal remains acquiring more BTC and enhancing shareholder value through digital asset appreciation rather than traditional capital return mechanisms. This move reinforces the company's position as the largest corporate holder of Bitcoin, with its treasury strategy directly tied to BTC's long-term price performance.