MicroStrategy Under Fire from Investors Due to New Equity Policy

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 19 2025

Policy Change Announcement: MicroStrategy's Co-Founder Michael Saylor announced a controversial revision to the firm's equity issuance policy, removing the rule that prevented selling stock below 2.5 times its net asset value (mNAV), which has led to significant criticism from investors.
Investor Backlash: Critics, including WhaleWire CEO Jacob King, expressed feelings of betrayal, claiming Saylor misled investors by previously promising not to issue stock below the mNAV threshold, especially as the company's stock premium has dropped significantly.
Concerns Over Shareholder Value: The backlash highlights fears that the policy change indicates a shift away from prioritizing shareholder value towards aggressive Bitcoin accumulation, with some investors feeling sidelined by Saylor's decisions.
Financial Risks Identified: Analysts warn that the removal of the issuance safeguard could increase exposure to Bitcoin volatility, potentially damaging long-term shareholder value and investor confidence in MicroStrategy.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

MicroStrategy Under Fire from Investors Due to New Equity Policy

About the author

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