Michael Saylor · Goldman Sachs · Strategy · Bitcoin · Bitcoin.com News
Saylor Takes ‘Digital Credit’ Pitch to Goldman Sachs as Strategy’s Bitcoin-Backed Lending Tops $11 Billion
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Michael Saylor used a Goldman Sachs digital-assets conference in London to argue that bitcoin’s next phase is “digital credit,” a market he says has swelled past $11 billion in a year.
Key facts
- Strategy itself now holds 847,363 BTC, worth roughly $50.9 billion as of late June, cementing its position as the largest corporate holder of the asset
- Michael Saylor used a Goldman Sachs digital-assets conference in London to argue that bitcoin’s next phase is “digital credit,” a market he says has swelled past $11 billion in a year
- Bitcoin.com News reported that STRC has become the world’s largest preferred stock, reaching about $8.5 billion in issuance in under a year
- Michael Saylor, executive chairman of Strategy Inc
Summary
Michael Saylor pitched bitcoin and “digital credit” at Goldman Sachs in London this week, a market he says tops $11 billion. Strategy holds 847,363 BTC and used credit products to fund about 175,000 BTC purchases during the bear market. STRC, now the world’s largest preferred stock at $8.5 billion, raised its dividend to 12% to draw yield seekers. Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), used a late-June appearance at Goldman Sachs’ Digital Assets Conference in London to press his case that bitcoin is evolving from a treasury reserve asset into the backbone of a new credit market.