[Saylor: Bitcoin is 'Digital Capital,' STRC is 'Digital Credit'] According to a report by Jinse Finance on September 29, Saylor stated in his long-form article on X titled *'How Strategy Engineers Digital Credit'* that Strategy is leveraging Bitcoin capital to create two complementary products: MSTR (amplifying Bitcoin exposure + ownership of the digital credit business) and STRC (mitigating volatility, compressing duration, and providing USD yield). He explained that digital credit requires managing the entire balance sheet, with the goal of stripping away volatility, compressing duration, and extracting yield. Tools include issuing MSTR to purchase BTC or exchange for USD, and bidirectional management of STRC supply. The article also proposed a "daily dividend distribution" plan for preferred securities. He emphasized that "highest quality" refers only to the design objective, not a credit rating. STRC is a perpetual preferred stock rather than a deposit, and investors may face the risk of losing principal.