saylor

Founder of Strategy Michael Saylor posted that he hopes Strive and all well-managed "Bitcoin-driven digital credit" issuers achieve success.Strategy is built on the same foundation as Strive: BTC belongs to digital capital, STRC and SATA belong to digital credit, and MSTR and ASST belong to digital equity. The securities structures and decisions of both parties are independent, although they will compete for individual capital allocations, they can also jointly expand long-term market opportunities.Saylor cited SIFMA data stating that by the end of 2025, the global stock market value will reach $157.8 trillion, and the fixed income debt balance will reach $160.7 trillion, with 0.1% of either market being approximately $160 billion.He proposed a threefold amplification mechanism: corporate financing to purchase supply-constrained Bitcoin can increase demand and improve the asset coverage of related companies; more issuers launching digital credit products can accumulate research, trading, and liquidity foundations, reducing the premium investors demand due to unfamiliarity, and potentially narrowing credit spreads and financing costs; more companies proving that this model can operate in different market environments may enhance market recognition of digital equity.He also emphasized that a single purchase does not guarantee Bitcoin appreciation, Bitcoin itself does not pay interest, and the profit margin between long-term asset returns and financing costs must be obtained through disciplined management; more issuers will not automatically lead to higher valuations.This model depends on a robust capital structure, prudent liquidity, transparent disclosure, and useful products. Weak issuers may undermine confidence in the entire category, while more credible issuers can meet institutional diversification investment needs and attract funds that would not otherwise enter the category.

According to Bloomberg, Strategy's Executive Chairman Michael Saylor is seeking to adjust the dividend mechanism for the company's preferred shares, proposing to change the dividend payment from bi-monthly or quarterly to daily for billions of dollars in preferred stock. The annualized yield on the related securities can reach up to 12%, and Saylor stated that this move would help improve liquidity and market efficiency.Previously, Strategy primarily raised funds by selling common stock to purchase Bitcoin, but as the premium of common stock relative to its Bitcoin assets disappeared, the company shifted to issuing perpetual preferred shares that do not dilute the equity of common stock shareholders. Such securities have no fixed repayment date and can provide a new source of financing for Strategy. The company currently has over $14 billion in preferred shares outstanding. Although the company has repurchased over $1 billion of floating-rate preferred shares STRC, it has still been unable to issue new STRC since May.Analysts pointed out that increasing the frequency of dividend payments mainly reduces dividend-related volatility, cannot eliminate credit and Bitcoin price risks, and may not necessarily enhance market liquidity. The shareholder vote on the proposal will conclude on October 28. Given that Saylor is the main shareholder of Strategy, the proposal is expected to pass.

Founder of Strategy, Michael Saylor, stated in a post that Bitcoin is digital capital, MSTR is digital equity, and STRC is digital credit.The company's corporate strategy is to create two complementary products from Bitcoin capital: MSTR provides leveraged Bitcoin exposure and holds ownership of a growing digital credit business; STRC aims to reduce volatility, compress duration, and provide dollar returns. Creating digital credit requires active management of the entire balance sheet, including Bitcoin, dollars, debt, preferred stock, and common stock, involving multiple decisions regarding capital, liquidity, priority, dividend rates, payment frequency, and investor terms.The company's goal is to create the highest quality digital credit products: supported by financial resilience, disciplined capital allocation, and a more stable investor experience to provide attractive dollar returns. Dividends are visible outputs, but the quality of the underlying system is the core work.The company engineers products by managing capital, debt, and liquidity. Investors seeking Bitcoin price exposure can directly hold BTC or spot Bitcoin funds; meanwhile, MSTR investors buy equity in a company that simultaneously seeks Bitcoin leveraged exposure and digital credit business growth, accepting amplified volatility and downside risk. STRC investors pursue a different experience: dollar returns, reduced price volatility, and shorter duration characteristics, relying on the company's capital strength, priority debt position, dollar liquidity, and active management to achieve this.The two are interconnected—capital structure directs more volatility and return potential of Bitcoin towards common stock, thereby providing credit investors with more stable income claims. The company manages the balance sheet uniformly, creating leveraged exposure for equity investors and dampened exposure for credit investors, both relying on the company's strength and execution quality.To achieve this goal, Strategy continuously manages various levels of the capital structure, including issuing and repurchasing STRC, distinguishing between payment reserves and allocated cash, adjusting dividend rates, optimizing security terms, and seeking shorter durations and longer payment runways.The company emphasizes that digital credit is a discipline that requires continuous practice: stripping volatility, compressing duration, and extracting returns from Bitcoin capital. Bitcoin itself does not pay interest, and Strategy pays dividends through security terms. The ultimate goal is to build stronger digital credit and create greater long-term value for MSTR shareholders, reinforcing the quality of capital and equity value.

Michael Saylor stated that as AI changes the way businesses are built, digital tokens can help 10 million new companies raise funds and reduce fundraising costs and delays. He advocates for simplifying issuance rules while retaining information disclosure and anti-fraud protections. Michael Saylor is the Executive Chairman of Bitcoin Treasury Company Strategy Inc.He proposed that companies could adapt rules for token issuance based on the type of issuance and set information disclosure requirements that match the risks, while reducing legal costs and retaining ownership protections and fraud accountability. The U.S. Securities and Exchange Commission (SEC) also proposed a cryptocurrency issuance exemption plan, one of which allows qualified issuers to raise up to $5 million within four years, and another allows raising up to $75 million every 12 months; both are still proposals and come with disclosure and anti-fraud requirements.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy Company, has once again released information related to Bitcoin Tracker, with the caption "Even more orange."According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will significantly enhance the productivity of individuals and businesses, thus necessitating a more free environment for creating, financing, owning, and trading assets. He suggests establishing a "Digital Bill of Rights" for digital assets, which centers on granting individuals and businesses the rights to create, issue, custody, transfer, and use digital assets, while providing fundamental protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and financing costs, complexity, and time costs should be reduced, while improving capital formation efficiency through means such as digital tokens. He proposes a goal of enabling 10 million new enterprises to secure financing, while also establishing clear issuance rules and risk-matched disclosure requirements.Regarding the digital dollar, Saylor advocates for allowing banks, fintech companies, and technology platforms to compete more fully in the digital dollar product space and for issuers to compete around yields. He believes that the U.S. can further expand the global reach of the dollar by allowing companies to develop more competitive dollar digital products.For Bitcoin, Saylor defines it as "digital capital," advocating for allowing banks to custody Bitcoin under clear rules and use it as collateral for providing credit, while also establishing a viable path for insurance companies to incorporate digital capital into their balance sheets and product designs.He specifically mentions that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, arguing that regulators should reassess the relevant capital requirements based on the actual risks of digital assets and specific business activities.

Michael Saylor posted on the X platform stating that under the assumptions of a 10% annual return on Bitcoin, a 40% volatility of Bitcoin, and a Bitcoin price of $81,200, the duration of the dollar is 3.8 years, and the Bitcoin credit spread of STRC is 53 basis points.

The founder and executive chairman of Bitcoin Treasury Company Strategy, Michael Saylor, has once again released information related to Bitcoin Tracker, with the caption "A little more orange".According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

Founder of Strategy Michael Saylor stated: The digital asset industry is better off with supportive rules from the SEC, CFTC, Treasury, and banking regulators than accepting the limitations in the final CLARITY compromise. The safest path is to create products that satisfy customers and deploy them widely, allowing people to have a stake in innovation. Ownership should be protected, honest disclosure required, and fraud punished, then let entrepreneurs compete and grow.Saylor mentioned that the September CLARITY compromise would have restricted covered providers to only paying customers for holding stablecoins while allowing qualified activity rewards, and directed the Treasury to limit certain rewards when a significant harmful deposit transfer to community banks was identified. The GENIUS Act has included restrictions on issuers paying interest and returns on stablecoins. The innovation sandbox of CLARITY would have limited participating companies to 25 employees, with each committee approving 20 projects per year. The SEC provided conditional relief for on-chain trading of certain tokenized stocks on September 17, and the CFTC chairman committed to using existing authority while the bill is stalled.He pointed out that useful products should be scaled by 2027 and 2028, transforming temporary relief into permanent rules. The goal is to have 50 million American voters using digital financial products that improve their lives. The best protection for digital innovation is the public that benefits from it.

According to CoinDesk, as Bitcoin returns to the $80,000 mark, venture capitalist Jason Calacanis wrote a "eulogy" for Bitcoin, stating that "Bitcoin is like CDs in the Spotify era and DVDs in the Netflix era," and that "the dead cat is still bouncing."He further pointed out that Bitcoin is not outstanding in trading and smart contracts, the user experience is daunting, and it no longer sparks the public's imagination; "If Bitcoin were to achieve mass adoption and significant use cases, it would have done so long ago."Calacanis also joked that people expect Bitcoin to remain stable, and it is no longer a quick way to get rich, saying, "It's boring... advocates have transformed from pirates to suit-wearing individuals with orange ties, awkwardly sharing cringeworthy memes."In response, MicroStrategy co-founder Michael Saylor stated, "You have watched Bitcoin grow since 2011; it is now a $1.6 trillion success and the most valuable digital asset in the world." He expressed that "digital capital is a killer application, and preserving wealth across generations is a grander ambition than pleasing dinner guests," and emphasized that "the orange tie will not come off."

Founder of Strategy, Michael Saylor, posted on platform X stating that the U.S. Securities and Exchange Commission's innovation exemption policy allows qualified trading platforms to provide around-the-clock tokenized on-chain trading for U.S. investors. This is undoubtedly a significant breakthrough in the field of digital credit and the U.S. capital markets.

Founder of Strategy Michael Saylor stated that as the CLARITY Act faces obstacles, he expects the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Treasury Department to continue advancing digital asset regulatory rules based on existing laws, without waiting for Congress to complete legislation.Saylor anticipates that banks will expand Bitcoin custody and Bitcoin-collateralized loan services, with more funds flowing into Bitcoin and digital credit. He added that the GENIUS Act will support further adoption of stablecoins, and the development of the crypto industry does not need to be paused due to the stagnation of the CLARITY Act.

As Bitcoin's price rose to about $79,007 on Sunday, the 840,447 Bitcoins held by Michael Saylor's Strategy had a total value of approximately $6.64 billion, about 4.4% higher than its average purchase cost of $75,653, resulting in an unrealized gain of over $2.8 billion. Saylor posted a chart of his holdings on the X platform with the caption "We're Back," sparking speculation in the market about a possible resumption of buying.Strategy typically discloses its weekly Bitcoin purchases on Monday mornings, and the company has not increased its holdings for about two months. Recently, Strategy raised $334 million by selling MSTR stock without touching its Bitcoin holdings and sold a small amount of Bitcoin to pay preferred stock dividends and buybacks, indicating a shift in capital management strategy. Bitcoin fell to $76,877 last Friday due to comments from Federal Reserve Chairman Waller about inflation cooling less than expected, but it remains far below the historical high of about $126,000 in October.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy, once again released information related to the Bitcoin Tracker and wrote, "We're ₿ack."According to previous patterns, Strategy usually discloses Bitcoin holding changes the day after relevant news is released.It is worth noting that the last time Strategy disclosed an increase in Bitcoin holdings was on June 22, 2026, and there has been no information related to the Bitcoin Tracker released in the past two weeks.

According to Bitcoin.com, Strategy (MSTR) Executive Chairman Michael Saylor proposed the concept of "Bitcoin Reform" in a published article, advocating that Bitcoin should break free from the dogmatic understanding of early concepts such as Satoshi Nakamoto, the white paper, and "must self-custody," and further integrate into banks, exchanges, enterprises, securities markets, and government systems.Saylor stated that self-custody remains an important right for holders to freely exit the intermediary system, but it should not be a mandatory obligation for everyone; users can also evaluate institutional services based on dimensions such as custodial isolation, collateral, audits, insurance, and withdrawal rights. He believes that Bitcoin has gradually evolved from peer-to-peer electronic cash and "digital gold" into "digital capital" that can support credit, equity, currency, and machine economies.

The founder of Strategy, Michael Saylor, stated that Bitcoin is gradually transitioning from an early "peer-to-peer electronic cash" experiment to a global digital capital infrastructure. As Bitcoin is widely adopted by individuals, funds, publicly listed companies, banks, custodians, trading platforms, and governments, some of the early Bitcoin culture has evolved from a risk defense mechanism into a form of "orthodoxy," which includes viewing self-custody as the only legitimate way to hold Bitcoin and categorizing financial products related to Bitcoin, such as ETFs, bonds, preferred stocks, and derivatives, as "paper Bitcoin." These views played an important role in the early development of Bitcoin, but are now insufficient to explain its expanding economic ecosystem.The more important role of Bitcoin in the future may not be to replace fiat currency as a daily payment tool, but rather to become a scarce, globally liquid, programmable "digital capital" that does not rely on an issuer. Fiat currency will still play a core role in taxes, wages, contracts, and everyday business, while Bitcoin can form a new layered financial system with banks, securities, credit, insurance, and corporations. Self-custody should be viewed as a right rather than an obligation, and professional custody, multi-signature, institutional custody, and trading platform products can all play a role based on different users' risk tolerance and actual needs. What truly needs to be vigilant is not all counterparties, but those counterparties lacking transparency, isolation mechanisms, governance capabilities, and risk control; "do not trust any institution" should shift to risk identification of different institutions.The next phase of the Bitcoin ecosystem will be the expansion of the "digital capital market," rather than a return to a closed pure Bitcoin economy. With the continuous development of spot Bitcoin ETFs, publicly listed companies' Bitcoin reserves, bonds, preferred stocks, and other financial products, Bitcoin is becoming a new underlying asset that connects stocks, debt, credit, currency, derivatives, and even the machine economy. This trend can be termed the "Bitcoin Reformation," with core principles including "protocol minimalism, economic maximization," "replacing founder worship with first principles," "self-custody as a right rather than a ritual," "judging security by evidence rather than brand," "replacing counterparty nihilism with counterparty identification," and allowing fiat currency and Bitcoin to coexist in the long term. Bitcoin is not abandoning its early core principles but is breaking free from its cultural limitations: it is transitioning from electronic cash to digital gold and further becoming a digital capital network that encompasses capital, credit, equity, debt, currency, and the machine economy.