Michael Saylor: Bitcoin is digital capital, STRC is digital credit

Michael Saylor stated in an article on X that Strategy is building MSTR and STRC products with Bitcoin capital. MSTR amplifies Bitcoin exposure and has digital credit business, while STRC suppresses volatility, compresses duration, and provides USD returns. The goal of digital credit is to strip volatility, compress duration, and extract returns. The tools include issuing MSTR to buy BTC or exchange for US dollars, and managing STRC supply in both directions. The article proposes a proposal for preferred securities to pay dividends on a daily basis. The highest quality only refers to design goals rather than credit ratings, and STRC is perpetual preferred stock rather than deposits, which may result in investors losing their principal.