[Saylor: Bitcoin Treasury Companies like Strategy and Strive Can Jointly Promote the Development of the Digital Credit Market] Michael Saylor, founder of Strategy, stated that while Bitcoin treasury companies like Strategy and Strive each issue securities and compete for investor funds, their competition is not purely zero-sum. He believes that the entry of more well-managed issuers into the market can help attract new capital, enhance investors' understanding of 'digital credit' products, and improve liquidity, which may potentially lower financing costs for qualified issuers. Saylor mentioned that Strive disclosed in March this year that it had purchased $50 million worth of STRC issued by Strategy, serving as an example of industry companies becoming each other's clients. He also emphasized that Bitcoin price increases, reduced financing costs, and improved equity valuations are not guaranteed, as related products still face risks in pricing, liquidity, and financing.