Michael Saylor: Around 80% of Strategy's perpetual preferred stock (STRC) is held by retail investors. According to Bloomberg, STRC currently offers an annualized yield of 11.5%, with monthly dividends. Saylor describes it as a 'low-volatility, high-yield digital credit product,' designed to trade around a $100 face value. Essentially, it’s a high-yield savings tool tied to Bitcoin strategy. The appeal of this product is translating into real purchasing power—Strategy has raised nearly $3 billion through STRC this year to buy Bitcoin and allocated $21 billion of its $42 billion financing plan to this purpose. The scale advantage is also significant: over the past month, Strategy alone purchased approximately 45,000 Bitcoins, while all other Bitcoin treasury companies combined only acquired about 1,000.