Michael Saylor, Chairman of the Board of Directors of Strategy, presented his own classification of digital assets, placing bitcoin, two profitable products of his company and the Tether stablecoin on a single monetary scale. In an August 13th post on the social network X, he ranked assets from the most volatile to the most stable. Bitcoin was assigned the role of the so-called digital capital, STRC preferred shares were named digital credit, the SR-strcUSX token became digital money, and Tether's USDT was named digital currency. In the published table, bitcoin is placed on the left, followed by STRC, SR-strcUSX and USDT. According to Saylor, when moving to the right, volatility and potential profitability decrease, while stability and convenience of daily use increase. Bitcoin, in his opinion, remains an ideal store of value, and stablecoins serve as an ideal medium of exchange in the digital economy, while Strategy-related products fill an intermediate position between them.

The key element of the middle tier of this composition is STRC, which has received the unofficial nickname Stretch. We are talking about preferred shares with a variable interest rate and indefinite repayment, which currently pay twelve percent per annum in cash dividends twice a month. The rate is set by Strategy's board of directors, which is required to announce each payout, and shares can continue to make money even with a decrease in their market price. Saylor calls this tool a digital loan and considers it a semi-stable means of preserving value with high returns. According to him, it is financial engineering that transforms digital credit into digital money, combining digital currency technology with the economy of digital capital. Back on August 7, Saylor advised everyone who is looking for the next fintech unicorn to carefully study the field of digital lending. The company itself reinvests bitcoins in preferred shares: on August 10, Strategy sold one thousand six hundred and ninety coins for one hundred eight point six million dollars and sent funds to buy back approximately one million one hundred and fifty thousand STRC shares. After this operation, eight hundred and forty thousand four hundred and forty-seven BTC remained in the company's reserve.

The level of digital money in Saylor's scheme is represented by the strcUSX product, which Solstice Finance posted this week on the Solana network. Solstice positions STRC as a link between bitcoin and stablecoins, and the created repository gives users access to STRC's dividend income and price risk without transferring the shares themselves. Depositors deposit Solstice USX settlement tokens and receive one of two tranches, with the first tranche being paid to the senior SR-strcUSX token with a target annual return of seven percent. Solstice calls this tool the first STRC-linked product on the Solana network. At the same time, the concept of digital credit is expanding geographically: Saylor reacted to the announcement by OranjeBTC about the launch of DIGY11, the first exchange-traded preferred stock fund from the bitcoin ecosystem with monthly payments. According to Saylor, this B3 fund will ensure STRC's entry into the Brazilian market by offering investors monthly payments in reais, daily liquidity and currency hedging.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.