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 another type of investor. He believes that maintaining the price of these products and bringing them back to par value is the foundation for the company to continue issuing products and obtaining a net asset value premium, which is also why the company uses the funds to repurchase preferred stock. If the credit business cannot operate, Strategy is just a company that holds Bitcoin. Source: Schwab Network