Michael Saylor：数字信贷是 Strategy 的产品，MSTR 只是副产品
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 a different group of investors. He said supporting these products' prices and bringing them back to par allows the company to continue issuing them and command a premium to net asset value, which is why Strategy uses capital to buy back preferred stock. If the credit business doesn't work, Strategy is simply a Bitcoin holding company.
Michael Saylor 在 Schwab Network 采访中称 Strategy 将比特币转换为付息数字信贷产品，以满足不同投资者的现金流需求。他表示支撑这些产品价格并使其回到面值，可让公司继续发行并获得相对净资产的溢价，这也是 Strategy 用资金回购优先股的原因。若信贷业务不成立，Strategy 就只是一家比特币持仓公司。
来源：WuBlockchain · x.com