Michael Saylor dismisses concerns about holding too much Bitcoin

Michael Saylor – the CEO of Strategy – has dismissed concerns that the company holds too much Bitcoin.

Saylor also emphasized the significant increase in the number of public companies holding Bitcoin. He stated that there are now over 160 companies incorporating Bitcoin into their balance sheets, a sharp rise from around 60 companies last year. This wave is not limited to the United States but is also spreading across Europe and Asia.

"The Bitcoin treasury movement is booming. Companies like MetaPlanet (Japan), Capital B (France), and Smarter Web (UK) have all participated."

Currently, Strategy is the largest corporate holder of Bitcoin in the world with over 628,000 BTC, valued at approximately 72 billion USD. According to data from Bitcoin Treasuries, this figure represents about 3% of the total Bitcoin supply and accounts for more than half of the BTC held by publicly listed companies.

Issuance of digital credit backed by Bitcoin

In addition to buying and holding Bitcoin, Saylor stated that Strategy is also developing financial products around this leading digital asset.

Specifically, the company is building a financial ecosystem by issuing credit instruments secured by the amount of Bitcoin in reserve. Depending on their risk appetite, investors can choose different approaches.

An example is the Stretch product, a new type of preferred stock launched by Strategy. Stretch is a form of digital credit backed by digital assets, aimed at investors looking for monthly income, capital preservation, and avoiding market volatility.

According to Saylor, Stretch offers a dividend yield of 9% per year, more than double the average of 4% in the money market. He believes this high yield is due to the long-term price appreciation potential of Bitcoin – which he estimates to average 30% per year over the next 20 years.

Flexible investment opportunities for various subjects

In addition to Stretch, Strategy also offers the Strike product, catering to investors seeking stable yields but with better risk control.

“Strike offers 80% potential price appreciation, 20% in the form of structured dividends and capital preservation. It is suitable for those who are accustomed to investing in hedge funds or the S&P 500.”

In addition, Saylor describes Bitcoin as a "digital commodity" with a 50% volatility and an investment cycle lasting 50 years. For those who want to amplify their exposure, Strategy's stocks offer a "2x Bitcoin" product – a particularly attractive structure for derivative traders.