Strategy may be able to create between $10 billion and $30 billion in digital credit without issuing new common stock or relying on further Bitcoin price gains, Executive Chairman Michael Saylor said on the company’s third-quarter 2026 earnings call. CEO Phong Le said future Bitcoin purchases would be funded mainly through preferred securities, particularly perpetual preferred shares such as STRC, also known as Stretch. STRC carries a dividend rate that Strategy can adjust. In a comparison posted on X on Nov. 14, Saylor examined STRC and Bitcoin performance over one week, one month, three months and one year. Over the past month, Bitcoin fell 17.3%, while STRC was essentially flat and its dividend-inclusive total return was 1.0%. Saylor described the model as converting Bitcoin from digital capital into digital credit. As of October 25, 2026, Strategy held 848,517 BTC, up 26% for the year, and had about $5.07 billion in dollar assets.