Overview

• Speaking on the Coin Stories podcast, Michael Saylor forecast that Bitcoin will beat the S&P 500 by roughly 29% per year over the next two decades and continue to outperform thereafter.
• Calling Bitcoin “digital capital,” Saylor argued it can underpin new credit products, positioning it as superior long-term collateral compared with traditional debt and fiat money.
• Strategy’s treasury has surpassed roughly 638,000 BTC, a stockpile Saylor says anchors the company’s push to institutionalize bitcoin-backed financing.
• Saylor outlined a suite of preferred-stock offerings — Strike, Strife, Stride, and Stretch — described as over-collateralized with Bitcoin and targeting yields up to 12%.
• He said selling by early holders is lowering volatility and preparing institutions for larger allocations, while noting Strategy only recently became eligible for S&P 500 consideration after accounting changes and sustained profitability.