Michael Saylor responded to Strategy’s latest selloff by saying “volatility tests every capital structure” as pressure spread across MSTR common stock, STRC and the company’s broader preferred-stock complex. Saylor said Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality and long-term value creation. He also said the company will continue to execute with “transparency and resolve,” a message aimed at investors watching MSTR’s steep drawdown and STRC’s widening discount to par.