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.

Trend

recordings per month · last 12 months
1 · Jun OctJan 26AprJulnow

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

Appearances

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Right now, that dividend rate's 11.5%.
So you have $100, you buy one share of STRC, you get paid $11.50 in 12 monthly installments, right?
Now, we take the $100 and we buy $100 of Bitcoin with it.
So the company strategy is in the business of holding the Bitcoin for a decade, taking the ups and downs, we'll take the volatility and then we strip the risk off it.
So for example, if you bought Stretch on October 6th of last year at the top of the Bitcoin market, you buy it for 100, Bitcoin was 125,000.
Well, Bitcoin's fallen about 40%.
It's a 76,000 or something.
STRC is still 100.
So we're preserving the principle, and then we're giving you a constant stream of dividends.
Now, to be clear, it's not as good as holding the Bitcoin for a decade.
It's better than holding it for six months through a bear market.
And so Stretch really is an example of us stripping the risk and the volatility off of the Bitcoin and giving you a fraction of the Bitcoin return, but in a predictable monthly fashion as cash flow.
Yeah.
So Stretch was the biggest IPO of 2025 when we brought it out in July.
It was a $2.5 billion IPO.
And then what we've done is attached a shelf registration on it.
So when the price of Stretch is at $100 or higher, $100 or $100 and a penny, and there's too much demand for it, the company sells it.
And we sell additional stretch.
And when the price of STRC is below $100, we don't sell it at all.
It's the open market.
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