Bitcoin sales are necessary for Strategy's digital credit business, Saylor says
Michael Saylor defended Strategy’s recent sale of 32 BTC, saying Bitcoin treasury companies must be able to sell holdings when needed to support dividend-paying securities and other Bitcoin-backed credit products. He argued that if a company refuses to sell Bitcoin under any circumstances, its credit and equity lose value. Saylor framed Strategy’s business as selling “digital credit,” with Bitcoin serving as the capital backing it. He described products like STRC preferred stock as forms of digital credit that use Strategy’s Bitcoin balance sheet to support obligations and help raise more capital to buy additional Bitcoin. Saylor said digital credit could become a “trillion-dollar” opportunity, potentially enabling yield-bearing money products that offer higher returns than traditional savings accounts. He also pointed to emerging products built on top of these markets, noting that falling Bitcoin prices and declines in STRC have already tested one synthetic stablecoin’s collateral and peg stability.
