Michael Saylor & Phong Le: MSTR Dilution Fears, Buybacks and Strategy as the "J.P. Morgan of Digital Assets"
Coin Stories with Natalie Brunell

Michael Saylor & Phong Le: MSTR Dilution Fears, Buybacks and Strategy as the ”J.P. Morgan of Digital Assets”

2026-08-18
Michael Saylor and Phong Le sat down with Natalie Brunell to take questions directly from Strategy investors — including some pointed concerns about MSTR's sharp drawdown, dilution and whether common shareholders are still the company's top priority. One investor said he put $73,000 into MSTR for each of his three children, only to see each investment fall to roughly $20,000. He asked Saylor and Le directly: have common shareholders become Strategy's lowest priority? In this episode:
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