Overview
- At the Bitcoin MENA conference, Michael Saylor said he met sovereign wealth funds, banks and regulators across the Middle East to promote BTC‑backed credit and digital‑money accounts.
- Saylor characterized the prize as a nation becoming the “Switzerland of the 21st century,” arguing that such a regime could attract vast pools of global capital, a claim he framed as a multitrillion‑dollar opportunity.
- Strategy disclosed a purchase of 10,624 bitcoin for about $963 million, lifting holdings to roughly 660,624 BTC, with funding primarily through equity programs.
- Saylor said major U.S. institutions including BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan and Citi have approached him and are starting to issue credit against bitcoin or related derivatives.
- The company is rolling out BTC‑backed credit instruments such as STRK (about 8% dividend) and STRF (about 10% yield) using heavy over‑collateralization, while he claims weekly BTC buying runs $500 million to $1 billion as MSCI’s index review and mNAV pressures remain background risks.