Strategy Chairman Michael Saylor released a new presentation on social media aimed at proving to investors that the company has found a way to generate record dollar yields using Bitcoin. Newly released slides position Strategy as a full-fledged “digital credit” factory rather than a passive cryptocurrency accumulator.
Saylor offers a series of preferred stock and bond packages to the market: STRD, STRC, STRK, and STRF. $BTC Convert volatility into fixed coupons.
Bitcoin is digital capital. The strategy converts it into digital credits. $BTC pic.twitter.com/aeJmWpCWIl
— Michael Saylor (@saylor) July 14, 2026
According to Thaler’s chart, junior STRD securities have an effective yield of 16.69%, while the flagship STRC has an effective yield of 13.79%, much higher than traditional government bonds, and IEF has a yield of 4.00%. Thaler insists the system is sustainable and the strategy is current. $BTC Even with zero market growth, the reserves would be sufficient to fund 31 years of payments.
However, the presentation came amid heavy criticism. The double-digit numbers shown in Saylor’s slide are primarily driven by a decline in the market price of the bonds themselves, with STRD trading at $60.42 and STRC trading at $88.28.
How Strategy plans to fund coupons amid $9.8 billion in paper losses
The market has priced in considerable risk due to the company’s massive unrealized losses of $9.89 billion. Number of strategies held 843,775 $BTC The average purchase price is $75,482, while the current value of the position is $53.8 billion.
To quell the wave of criticism caused by the recent forced sale of $218 million worth of Bitcoin, the company abruptly changed its strategy and completely froze its purchases of cryptocurrencies. Instead, Strategy officially announced yesterday that it had raised $466.7 million through its ATM program.
Whether this emergency financial buffer can restore confidence in Saylor’s securities, or whether the company’s multibillion-dollar debt burden will continue to drive down its stock price, will likely be one of the biggest questions facing the crypto market in the summer of 2026.
