Michael Saylor

speaker

2,284 appearances 6 recordings 5 series first heard Nov 2024 last heard 14 Jun

Michael Saylor’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.

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It's very useful.

You can sell a billion dollars of Bitcoin in one minute on a Saturday morning or you can buy it back and it makes it very volatile.

The bad thing about Bitcoin is it's a very volatile capital asset.

Right.

So that means that if you're going to buy it, you need to think I'm going to hold it for four to 10 years, ideally 10 years, long time.

So can you go for 10 years without needing any money, right?

I'm going to give you something that will make you rich in a decade, but you're going to have to hold your breath forever.

and live on scraps for 10 years.

So we looked at that and there's a whole set of investors that can't afford to go 10 years with that kind of volatility.

Three-year-olds, 20-somethings, a company.

And we thought, let's create something more like a bank account that pays you 10 or 11% and back it with Bitcoin.

So Stretch, S-T-R-C, is a digital credit instrument.

And the way it works is,

We sell this preferred stock into the public market.

We IPO'd it.

You can get it from Robinhood.

You can find it on Charles Schwab.

Any broker dealer that deals with NASDAQ listed preferred stocks.

The stock pays a monthly dividend.

It pays a monthly dividend that's variable.

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