Michael Saylor: 'We Tripped Over' the World's Most Efficient Tax-Deferred Income

Michael Saylor: 'We Tripped Over' the World's Most Efficient Tax-Deferred Income

MicroStrategy founder Michael Saylor took the Consensus mainstage to unveil what he calls the killer app for Bitcoin: digital credit. Saylor explained how his company's STRC instrument, now the biggest and most liquid preferred stock in the world after just eight months, strips yield from Bitcoin's volatility to create an 11.5% tax-deferred return with near-zero volatility. He argued that digital credit is the missing bridge between Bitcoin and crypto, TradFi and DeFi, and that it opens the door to a new generation of yield coins that could transform the $350 billion stablecoin market and beyond. - Timecodes: 00:00 - Michael Saylor at Consensus Miami 2026 01:28 - How Digital Credit Works 04:47 - Bitcoin vs MSTR vs STRC Performance 07:27 - STRC Becomes The World's Biggest Preferred Stock 12:55 - The Bridge To Digital Money And Yield 18:27 - The DeFi Opportunity For Builders 19:46 - How Yield Coins Are Replacing Stablecoins 22:34 - Building The Future Of Digital Credit

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Episoder(4056)

Blockspace: SpaceX’s $2T IPO by the Numbers and Anthropic’s 1 GW Search for Capacity

Blockspace: SpaceX’s $2T IPO by the Numbers and Anthropic’s 1 GW Search for Capacity

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SpaceX's $75B IPO Comes With $1.2B in Bitcoin | CoinDesk Daily

SpaceX's $75B IPO Comes With $1.2B in Bitcoin | CoinDesk Daily

SpaceX's record-breaking IPO. SpaceX raised $75 billion in the largest IPO in history and began trading on Nasdaq today. The company holds 18,712 bitcoin worth roughly $1.2 billion, giving SPCX inves...

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CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti unpack the CFTC's 267-page proposed rule-making around prediction markets and event contracts, plus the letter from crypto CEOs ...

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Inside the Race to Fix Zcash's Shielded Pool Vulnerability | Markets Outlook

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The bug that tanked ZEC with Josh Swihart. On today's Markets Outlook, ZODL CEO Josh Swihart joins CoinDesk's Jennifer Sanasie to break down the Zcash vulnerability discovered with the help of AI, i...

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Saylor and Mallers Clash Over Strategy's Dilution | CoinDesk Daily

Saylor and Mallers Clash Over Strategy's Dilution | CoinDesk Daily

Saylor and Mallers' debate at BTC Prague. Strategy executive chairman Michael Saylor and Twenty One Capital CEO Jack Mallers debated Strategy's capital structure at BTC Prague. Mallers challenged Say...

11 Jun 1min

Blockspace: SpaceX’s $250B IPO Raise, KEEL’s $458M Convertible Note, Hut 8’s $4.25 Senior Note, OpenAI’s 10 GW Datacenter

Blockspace: SpaceX’s $250B IPO Raise, KEEL’s $458M Convertible Note, Hut 8’s $4.25 Senior Note, OpenAI’s 10 GW Datacenter

SpaceX’s IPO is three times oversubscribed at $250 billion, and Hut 8 has closed a $4.25 billion, BBB-rated note for its Beacon Point AI data center. Welcome back to The Blockspace Podcast! Reuters...

11 Jun 1h 9min

Japan's Megabanks Plan a Joint Yen Stablecoin | CoinDesk Daily

Japan's Megabanks Plan a Joint Yen Stablecoin | CoinDesk Daily

A Yen stablecoin from the mega banks? Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Se...

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