Strategy proposes $10–30 billion digital credit financing capacity plan

Odaily reports: Strategy Executive Chairman Michael Saylor proposed on the third-quarter earnings call the creation of $10–30 billion in digital credit financing capacity based on the existing balance sheet, without the need to issue additional common stock or rely on further Bitcoin price appreciation; the $30 billion figure is a capacity ceiling, not a near-term fundraising target. CEO Phong Le stated that Strategy's primary method for increasing Bitcoin holdings going forward will be issuing preferred securities, especially the perpetual preferred stock STRC. This type of security has no fixed maturity date, no voting rights, fixed dividends, and a priority claim over common stock in liquidation; STRC is designed to offer a double-digit yield. As of October 25, 2026, Strategy holds 848,517 bitcoins, up 26% year-to-date; its dollar assets are approximately $5.07 billion, sufficient to cover preferred stock dividends and debt interest for about 3.4 years. Strategy's third-quarter net income was $19.53 billion, mainly from $20.91 billion in digital asset gains. Currently, the company's nominal digital credit securities scale is $16 billion, spread across 10 listed instruments. Strategy divides its capital into three layers: digital capital (Bitcoin), digital equity (common stock), and digital credit (preferred instruments), and is reducing its reliance on ATM issuance and convertible bonds.