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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We're giving them what they want.
which is more Bitcoin per share.
We're supporting the Bitcoin ecosystem by buying the Bitcoin, providing liquidity.
And then we're backing the credit with over-collateralized Bitcoin, like 5X as much Bitcoin as the credit.
And if you're the credit investor,
you're able to assess the credit risk by plugging in the price of Bitcoin, the volatility of Bitcoin, your opinion of the future ARR of Bitcoin, that spits out a credit risk for you.
you go to our website, you'll see we've actually published that credit model.
It's a very transparent credit model based upon the BTC rating of the credit instruments.
BTC rating is the degree of over collateralization.
So a dollar of credit backed by $5 of Bitcoin is a BTC rating of five.
So it's a long-winded answer to your question, but the point is the credit model is predicated upon a homogeneous collateral base.
The equity model is predicated upon a homogeneous capital base.
And that allows all of these investors to invest.
Now, you might think, well, you're 100% all in on BTC.
Well, yes, we are.
But let me make one more point.
The equity portfolio of the professional investor isn't.
So if you're an equity investor, you might decide that you want 1% of your money invested in Bitcoin equity.
Or you might decide you want 1% of your money invested in Bitcoin credit.
So we are a pure play, transparent, understandable set of securities.
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