Michael Saylor: Bitcoin Treasury Firms Like MicroStrategy and Strive Can Grow Digital Credit Market

MicroStrategy founder Michael Saylor stated that Bitcoin treasury companies such as MicroStrategy and Strive are not in a zero-sum competition. He believes that having more disciplined issuers in the market will attract new capital, improve investor understanding of digital credit products, and enhance liquidity, potentially lowering financing costs for qualified issuers. Saylor noted that Strive purchased 50 million dollars of MicroStrategy's STRC notes in March, highlighting that industry peers can also serve as each other's clients. He cautioned that Bitcoin price appreciation, lower financing costs, and higher equity valuations are not guaranteed, and these products carry inherent price, liquidity, and financing risks.