Saylor Pitches Bitcoin-Backed Digital Credit at Goldman Sachs; Market Tops $11 Billion

According to Bitcoin.com News, Michael Saylor pitched bitcoin-backed digital credit at Goldman Sachs' Digital Assets Conference in London late June, highlighting a market that has grown to $11 billion. Saylor argued that companies can borrow against bitcoin holdings to issue yield-bearing instruments, positioning bitcoin as both a treasury reserve asset and a source of durable income.

Strategy Inc. (Nasdaq: MSTR) now holds 847,363 BTC, worth approximately $50.9 billion as of late June, cementing its position as the world's largest corporate bitcoin holder. The centerpiece of its credit strategy is STRC, a perpetual preferred stock linked to the company's bitcoin holdings, which has reached $8.5 billion in issuance in under a year and recently raised its annual dividend rate from 11.5% to 12% to attract income investors.