Strategy's Saylor Outlines Bitcoin 'Digital Asset Stack' After 32-Bitcoin Sale
Michael Saylor expanded on Strategy's recent Bitcoin-sale defense by outlining a "digital asset stack" in which Bitcoin serves as digital capital for credit, money, yield and equity products. He said bitcoin-backed credit can support digital money that is stable, liquid and yield-bearing, describing the next wave as going beyond stablecoins.
The comments add a strategic blueprint to Strategy's explanation of its first reported Bitcoin sale since 2022. Chief Executive Officer Phong Le said the company sold 32 Bitcoin to test its selling process, "inoculate" the market and generate tax losses that could offset related taxes, while Saylor said retaining the ability to sell supports the company's digital credit business.
From the sources (7 posts)
@saylorRT @phongle: My conversation with @scottmelker on @YahooFinance on @Strategy, the largest holder of Bitcoin in the world, why $GOOG and $MS…
@wublockchainStrategy CEO: We Sold 32 BTC to Inoculate the Market and Test Our Selling Process Strategy CEO Phong Le @phongle said in a June 11 interview with CNBC that the company sold 32 BTC mainly to inoculate the market and test its internal sell
@coinmarketcapLATEST: ⚡ Michael Saylor says Strategy needs the ability to sell Bitcoin to support its digital credit business, defending the firm’s first reported BTC sale since 2022.
@cryptodiffer🗣️ "I never said the company wouldn't sell its Bitcoin." — @Saylor, after @Strategy sold its first $BTC in 4 years. The Differ — the week in #crypto, distilled: the signal, the one number, the take. Our new weekly. Every Sunday, ~3 minute
@cointelegraph🔥 JUST IN: Michael Saylor outlines a "Digital Asset Stack." BTC serves as digital capital, while credit, money, yield, and equity products sit above it to expand Bitcoin's role in global finance.
@saylorRT @_Adrian: Bitcoin, Digital Credit, and Digital Money: @saylor is proposing building a full Digital Asset Stack on top of $BTC in existi…
@saylorDigital Money should be stable, liquid, digital, and yield-bearing. Bitcoin-backed credit makes that possible. The next wave is not just stablecoins — it is stable-value money with yield, built on Bitcoin. $BTC