---
title: 'Saylor Responds to the Sell-Off (Prepare)'
source: 'https://youtube.com/watch?v=4ELcXxaJT0k'
video_id: '4ELcXxaJT0k'
date: 2026-08-06
duration_sec: 80
---

# Saylor Responds to the Sell-Off (Prepare)

> Source: [Saylor Responds to the Sell-Off (Prepare)](https://youtube.com/watch?v=4ELcXxaJT0k)

## Summary

In this video, Michael Saylor responds to the recent sell-off in preferred stocks, explaining his company's strategy as a digital credit vehicle that securitizes Bitcoin. He compares his approach to the first real estate company to go public, emphasizing that his firm buys and holds Bitcoin forever, funding dividends through equity sales or Bitcoin sales.

### Key Points

- **Preferred Stock Sell-Off Response** [00:02] — Saylor addresses the preferred stock sell-off, framing his company's strategy as the first to securitize Bitcoin as a new asset class.
- **Digital Credit Vehicle** [00:15] — He describes the company as a structured finance company, the first to securitize Bitcoin, similar to how the first real estate company issued public securities to build buildings.
- **Public Securities Offering** [00:30] — The company has created equity and preferred equities for public purchase, with five preferred equities and one common equity floating, raising capital to buy Bitcoin.
- **Simple Strategy: Buy and Hold** [00:56] — The core idea is simple: buy Bitcoin and hold it forever. When selling preferred stock, dividends are paid either by selling equity if it appreciates faster than Bitcoin, or by selling Bitcoin.

### Conclusion

Saylor's response underscores a long-term, buy-and-hold Bitcoin strategy, using capital markets to fund acquisitions while maintaining flexibility in dividend payments.

## Transcript

preferred stock sell-off that he compares his company strategy to the first company that ever went public to build real estate, except the asset this build real estate, except the asset this time is not land or buildings, it's BTC.
>> It's a digital credit vehicle. Think of it as a structured finance company. And we're the first company to begin to securitize this new asset class. City and they were the first company to go public and then issue public
securities, equity, and preferred stocks to build buildings. And then their stock and their security became a way that people could invest in real estate. We have created equity and preferred equities that the public can buy. There
are actually five preferred equities that float and then there's one common that float and then there's one common equity. And we take the capital that we raise and we buy Bitcoin with it. Now, we're not dependent on the capital
markets, but but we are in we are empowering the capital markets. The The company's idea is pretty simple. It's we simply buy Bitcoin, we hold it forever. Now, when we sell a preferred stock, we pay a dividend on the preferred. The way
we pay the dividend is either we sell equity in the company if it's appreciating faster than the than the Bitcoin or we just sell the Bitcoin.