Michael Saylor said regulatory guidance from the CFTC could help expand Bitcoin capital markets by supporting 24/7 trading, the use of BTC as collateral, perpetual futures, options, and compliant market access. He said these developments would benefit Bitcoin holders, support Strategy’s Bitcoin strategy, and help develop STRC as a Bitcoin-backed digital credit product. In separate comments on May 9, Saylor also said Strategy could sell a small amount of Bitcoin if needed to realize capital gains and pay STRC credit dividends, framing any sale as limited treasury management rather than a broader shift away from its Bitcoin holdings.