Saylor defends Strategy's first Bitcoin sale since 2022 as necessary for digital credit

Michael Saylor says Strategy's first Bitcoin sale in four years is part of a "digital credit" business model, where selling BTC backs dividend-paying securities and credit products.

• Strategy sold 32 BTC in June, its first reported Bitcoin sale since 2022, breaking Saylor's 'never sell' mantra.
• Saylor told Cointelegraph that the ability to sell Bitcoin is necessary to support the company's digital credit products like STRC preferred stock.
• He called digital credit a 'trillion-dollar opportunity' that could bring billions into the Bitcoin ecosystem.
• Apyx Finance's synthetic stablecoin apxUSD briefly depegged to $0.90 after STRC shares fell below par value.
• Saylor says digital credit products can offer yields of up to 8%, far above traditional savings accounts.

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