MSTR Stock Is Down 44% in a Year, but Michael Saylor Says Strategy Doesn’t Need Bitcoin Or Equity to Do the ‘Heavy Lifting’

View more earnings on $BTC Strategy Inc.(NASDAQ: MSTR) Chair Michael Saylor said on Thursday that the company could expand its capital options without depending entirely on Bitcoin's (CRYPTO: BTC) appreciation or issuing more shares. Strategy Ready for Next Bull Run, Says Saylor During the company's third-quarter earnings call, Saylor said the Bitcoin treasury firm is positioning its balance sheet as a potential source of major new financing. "The company's optionality is quite powerful now because we do not have to rely on Bitcoin to do the heavy lifting or on equity to do the lifting," the Bitcoin bull stressed. "We could use our balance sheet to do the heavy lifting right now.