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 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.
Appearances
It's stretch.
People that want to buy stretch buying from existing holders that want to sell and get liquidity.
So...
From that point, we've progressively sold more stretch, and the AUM, or the outstanding supply, has gone from $2.5 billion to $3 billion to $4 billion.
We sold about $1.5 billion in March, and it went from $3.5 billion to $5 billion.
Wow.
And then in April, we sold about $3.5 billion, or $3.2 billion.
So-
It went from $5 billion to $8.5 billion.
So it's about a 350% annualized growth rate.
Wow.
It's on turtles.
It's probably one of the fastest growing products in the world and certainly one of the fastest growing financial products.
Well, the reason it's growing fast is it's obvious you're getting 3.5% from your money market and you're paying tax on it.
So you get 2% after tax.
And STRC has two advantages.
It pays you 11.5% instead of 3.5%.
And also it's tax deferred.
It's a return of capital dividend, which means that when you collect the $11, you reduce the basis in security by $11.
So you buy it at $100, you reduce your basis to $89, you collect another $11 the next year, you reduce the basis to $78.
Showing 61–80 of 2,284 · page 4 of 115
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