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

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5%.

Okay.

So I take a company public.

I raise $10 billion of equity capital.

I buy $10 billion of gold.

And now if I just stop there, I've got a gold treasury company and you're just holding 10 billion of gold.

So how do you make it interesting?

I create a preferred stock and I offer people maybe 65% of the expected return of gold.

So I'll give you 3.5%.

in a dividend, a gold-backed dividend.

And I take that public.

And if people want 3.5% with principal protection and low vol, they buy the gold credit.

And then I take the money.

I sell a billion of that.

It's 10x over collateralized.

Now I go buy a billion dollars of gold.

Now I've got $11 billion of gold, but I've only got $10 billion of common equity outstanding.

I created 10% amplification on the common equity.

The equity holders are going to outperform gold because maybe 5% is not that compelling.

Maybe they'll get to 6%.

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