Bloomberg Talks Strategy CEO Mike Saylor Talks Buying Bitcoin
7 snips
Sep 29, 2025 
Michael Saylor, executive chairman of MicroStrategy and a leading advocate for Bitcoin, dives into his company's latest purchase of 196 BTC for a staggering $22.1 million. He discusses the peculiar phenomenon of MicroStrategy's stock trading below Bitcoin's value, attributing it to market adjustments. Saylor emphasizes the positive impact of new Bitcoin treasury companies and confidently reassures listeners on the minimal risks of selling holdings. He also clarifies that Bitcoin serves as digital capital rather than a traditional currency.
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Bitcoin-Backed Credit Is A New Asset Class
- Michael Saylor frames Bitcoin treasury companies as creators of a new asset class: digital credit.
- He argues equity premium exists because these companies can issue credit instruments backed by Bitcoin, not merely hold it.
Use Structured Credit To Remove Volatility
- Issue structured credit to strip volatility from Bitcoin and deliver defined USD yield and duration.
- Use those instruments to access credit markets without relying on equity premium.
Competition Validates The Bitcoin Treasury Market
- Saylor welcomes many new Bitcoin treasury companies and sees competition as validating the market.
- He expects differentiation by credit quality, collateralization, liquidity, and brand depth.