Michael Saylor: Stretch is the most liquid preferred stock globally On May 6, 2026, Strategy founder and executive chairman Michael Saylor @saylor stated at the Consensus 2026 Miami event that Stretch (STRC) has grown into the largest and most liquid preferred stock in the world, with assets under management (AUM) reaching $8.5 billion. Saylor mentioned that during the past six months, even as Bitcoin dropped 37%, Stretch's credit investors held onto face value and received a 64% dividend. Source: CoinDesk