According to Bloomberg, Strategy Inc., led by Michael Saylor, has relaxed its previous financing restrictions, allowing the issuance of common stock when the company's stock price is below 2.5 times its Bitcoin holdings market capitalization. Previously, such issuance was only allowed in cases of paying debt interest or preferred stock dividends. This move aims to address the ongoing compression of the mNAV premium, providing greater financing flexibility for Bitcoin purchases and operational expenses. As of now, Strategy holds approximately $72 billion in Bitcoin, and its common stock has fallen 22% since its peak in November last year, while Bitcoin has risen about 23% during the same period.

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