Michael Saylor said digital credit could become finance’s next billion-dollar business, arguing that issuers can use income-producing securities to raise capital around digital-asset-focused balance sheets. In an Aug. 7 post on X, the Strategy Inc. executive chairman wrote, "If I were looking for the next billion-dollar business in finance, I would study Digital Credit." He pointed to Strategy’s preferred stock lineup of Stride Preferred Stock (STRD), Stretch Preferred Stock (STRC), Strike Preferred Stock (STRK) and Strife Preferred Stock (STRF), which showed effective yields of 15.29%, 12.63%, 12.08% and 10.38%, respectively, as of 11:10 a.m. EDT. Saylor has described the group as a digital credit stack that broadens Strategy’s funding options beyond common stock and debt while offering investors different combinations of dividend income, risk and priority in the capital structure. The model is built around listed preferred securities rather than direct bitcoin-backed claims. Strategy’s bitcoin holdings do not collateralize the products, and the company has sold bitcoin to help fund preferred stock payments and build its U.S. dollar reserve as its dividend obligations increase. STRC, a perpetual preferred security with a variable dividend rate, has become a key part of that expansion as Strategy tests whether familiar credit-market structures can be adapted for companies centered on digital assets.