Gate News reports that on March 27, Michael Saylor introduced the concept of “digital credit” at the digital asset summit held in New York on March 26, viewing it as a core opportunity in the crypto industry. Over the past six years, Saylor has transformed Strategy (formerly MicroStrategy) into the world’s largest corporate Bitcoin holder, currently owning over 762,000 BTC worth billions of dollars.
At the summit, Saylor introduced STRC (nicknamed “Stretch”) preferred stock, a low-volatility, high-yield asset designed to be included in fixed income portfolios. The product offers an 11.5% yield, approximately 2% volatility, a Sharpe ratio close to 4, a nominal scale of $5 billion, and an average daily liquidity of $224 million, making it suitable for institutional trading. Saylor stated afterward, “Digital credit is the most attractive lending tool in the world. If you can create a product with a Sharpe ratio of 4, it should be in every investment portfolio.”
Meanwhile, institutional funds are re-entering Bitcoin through regulated channels, with the US spot ETF experiencing its longest net inflow cycle of the year so far. Currently, the proportion of crypto assets in US managed wealth remains below 0.5%.
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