Saylor Sees 318.5 Trillion Dollar Potential for Bitcoin-Backed Financial Products
Michael Saylor, executive chairman of Strategy, believes bitcoin treasury companies can capture a fraction of the global stock and bond markets, valued at 318.5 trillion dollars. This theoretical market represents the potential for bitcoin-backed financial products, such as STRC and SATA, to attract a small part of the capital invested in stocks and bonds.
The global stock capitalization reached 157.8 trillion dollars at the end of 2025, while the global bond outstanding represented 160.7 trillion dollars, according to the SIFMA annual report. A 0.1% share of each market would amount to about 160 billion dollars, while a 0.1% share of the combined total would represent 318.5 billion dollars.
Saylor divides the market into three levels: 'digital capital' (bitcoin), 'digital shares' (common stocks of companies like Strategy and Strive), and 'digital credit' (instruments such as STRC and SATA). He believes that the success of one company can benefit the entire sector, as a rise in bitcoin's value would improve the value of reserves held by exposed companies and strengthen their capacity to issue new shares.