Saylor Envisions 7% Yield for Bitcoin-Backed Stablecoin
Michael Saylor, Executive Chairman of Strategy (MSTR), believes that a Bitcoin-backed stablecoin could offer investors a 7% yield with near-zero volatility. He described this concept as 'digital money' built on the company's expanding digital credit business.
Saylor sees this as the next step in the evolution from digital capital to digital credit and ultimately digital money. He mentioned that existing stablecoins generally generate returns tied to short-term dollar rates and lower fees, while a Bitcoin-backed model could potentially generate higher returns through Bitcoin-based credit.
Strategy's Bitcoin accumulation is tied to its ability to raise capital. Saylor explained that they don't have a fixed target for accumulating Bitcoin, but rather accumulate it as they raise capital. The company currently holds 847,666 Bitcoin as of September.