Michael Saylor on decentralization
From Michael Saylor & David Marcus: The Future of The Lightning Network | Bitcoin for Corporations · · Bitcoin Magazine
“The one thing I learned through the Libra journey is that if you build any single point of failure then eventually you have a problem and lightning is the decentralized fault tolerant non-custodial solution to all those crypto token networks that are collapsing.”
On , Michael Saylor, Former Chairman at MicroStrategy, spoke about decentralization during Michael Saylor & David Marcus: The Future of The Lightning Network | Bitcoin for Corporations on Bitcoin Magazine.
About Michael Saylor
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has stated that the company may sell some of its Bitcoin holdings before the end of 2026 as part of a multivariate capital allocation strategy. He said the company's primary goal is to increase Bitcoin per share over the long term, and that selling a small amount of Bitcoin is one of four levers—alongside equity, credit, and cash—used to manage liabilities and optimize performance. Saylor described the company's approach as making trading decisions "every second" based on algorithmic models, and noted that any Bitcoin sold would likely be a small fraction of its holdings, with the company continuing to buy larger amounts. He said the company holds approximately 818,000 unencumbered Bitcoin. Saylor has also promoted the company's digital credit product, STRC (Stretch), which he described as a "passenger jet" compared to Bitcoin's "fighter jet" and MSTR's "rocket ship." He stated that STRC pays an 11.5% dividend and is designed to provide low-volatility credit exposure backed by Bitcoin. Saylor said the company's plan to increase its market value relative to net asset value involves demonstrating consistent Bitcoin yield growth and building a durable business model. He has also argued that Bitcoin's traditional four-year cycle is "broken" and that future price action will be driven by institutional demand rather than supply reductions, stating that "pretty much all the Bitcoin that's going to be produced between now and eternity for the next 100 years is less than a million Bitcoin" and that his company "will probably buy it all."