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 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.
Appearances
Okay.
So the Bitcoin pitch is a 100-hour to 1,000-hour pitch.
The other instruments we created were convertible bonds.
The problem with the convertible bonds are they're 144A bonds over the counter.
And what that means, that's a euphemism for it's illegal for you to buy them.
Okay, it's like you can't buy them, right?
A retail investor cannot buy a 144A bond.
I mean, it's literally illegal.
Okay, so you figure that maybe coming up with a security to sell that's illegal for most of the public to buy isn't the best marketing idea.
So then we went to this idea of IPOs and the first was Strike.
The second was Strife.
The third was Stride.
Stretch was the fourth.
Stream was the fifth, by the way.
But the idea of Strike was a convertible preferred stock that pays you a dividend and with a conversion rate.
And it's okay.
It was a great transition from convertible bonds and the retail investor could buy it.
But it's like, so I'm giving you 10% instead of 5%, but the principal value can change plus or minus two, three or 4% a day.
If you're a normal risk adverse retail investor or you're just a normal corporate treasurer, you don't wanna get paid 5% more per year if the principal might trade down 5% in a week.
You see, it's like now you're back to this issue of saying, you know, just hold it for four to 10 years.
Showing 901–920 of 2,284 · page 46 of 115
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