Michael Saylor: Digital Credit Is Our Product, MSTR Is Just a Byproduct On October 20, 2026, Michael Saylor @saylor explained in an interview with Schwab Network @SchwabNetwork that Strategy converts Bitcoin into dividend-paying digital credit products to meet the cash flow needs of a different group of investors. He said supporting these products' prices and bringing them back to par allows the company to continue issuing them and command a premium to net asset value, which is why Strategy uses capital to buy back preferred stock. If the credit business doesn't work, Strategy is simply a Bitcoin holding company.