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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And then Bitcoin went on this epic bear market, you know, went from $125,000 out of $60,000.

So the collateral backing the credit instrument was cut in half.

And the market gets very jittery.

So what did we do?

We don't sell it below 100.

Then we raise capital in the form of cash and we created a cash reserve in order to improve the credit.

Then we raise capital.

We bought Bitcoin to improve the amount of Bitcoin backing it.

And then we raise the dividend like six times in a row.

Okay, so we're managing that credit instrument.

Now, how many adjustments did I make to the convertible bonds in that timeframe?

None.

How many adjustments did I make to strike or strife or stride?

None, because we can't.

I mean, we can improve the underlying collateral,

But at the end of the day, the idea of a variable rate monthly preferred stock is the most flexible of a credit instrument in the public market.

So what we did is manage that with a laser-like focus on having a trade at 100.

And, you know, if you look at the price right now, it says on my screen $100.00.

Like, look at it.

What happened?

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