Republican

MSTR

It's no secret that billionaire <a href="https://www.thestreet.com/crypto/markets/michael-saylor-slams-ray-dalio-over-comments-on-gold-rival" rel="noopener noreferrer nofollow">Michael Saylor</a> is the most bullish voice on Bitcoin (BTC).
Regardless of the direction its price moves, he has always publicly affirmed his faith in the cryptocurrency.
No wonder that <a href="https://www.thestreet.com/crypto/markets/analysts-see-111-upside-for-microstrategy-despite-q1-loss" rel="noopener noreferrer nofollow">Strategy</a> (Nasdaq: MSTR), the company he founded and turned into a BTC vehicle, is now the world's largest public corporate Bitcoin treasury.
<a href="https://www.thestreet.com/crypto/markets/michael-saylor-slams-ray-dalio-over-comments-on-gold-rival" rel="noopener noreferrer nofollow">Related: Michael Saylor slams Ray Dalio over comments on gold rival</a>
The company currently <a href="https://www.strategy.com/purchases" rel="noopener noreferrer nofollow">holds</a>&nbsp;843,738 Bitcoin on its balance sheet that it purchased for $63.87 billion. The value of its Bitcoin holdings stood at $64.89 billion at the time of writing.
But Bitcoin has lost significant value since the flash crash on Oct. 10 last year. The cryptocurrency,&nbsp;which hit the record high price of&nbsp;$126,080 on Oct. 6, 2025, is trading around 40% lower today.
The MSTR stock has also suffered a similar loss during the period. The stock reached as high as $365 in early October but is trading 55% lower at $162.66 at press time.
The company&nbsp;<a href="https://www.thestreet.com/crypto/markets/michael-saylors-strategy-reports-12-54b-net-loss-in-q1" rel="noopener noreferrer nofollow">reported</a>&nbsp;a loss of $12.54 billion during Q1 2026, with&nbsp;<a href="https://www.strategy.com/investor-relations" rel="noopener noreferrer nofollow">$14.46 billion unrealized loss</a> on its Bitcoin holdings.
<figure><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjIzMTY5Mjk3Nzk3NjIxNDc0/michael-saylor.jpg" height="675" width="1012">
 <figcaption>
 Michael Saylor, during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, Feb. 19, 2025. 
 <a href="https://www.gettyimages.in/detail/news-photo/michael-saylor-co-founder-and-executive-chairman-of-news-photo/2199896380?adppopup=true" rel="noopener noreferrer nofollow">Zak Bennett/Bloomberg via Getty Images</a>
 </figcaption>
</figure>
This prompted even&nbsp;Saylor to&nbsp;<a href="https://www.thestreet.com/crypto/markets/michael-saylor-finally-wants-to-sell-bitcoin" rel="noopener noreferrer nofollow">suggest</a>&nbsp;that the company could sell a portion of its Bitcoin holdings to pay dividends. However, it hasn't happened so far.
Now, the Strategy founder has dropped his blunt verdict on the hottest trend in the Bitcoin space.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/americans-now-owe-a-staggering-18-8-trillion-in-household-debt" rel="noopener noreferrer nofollow">Americans now owe a staggering $18.8 trillion in household debt</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/u-s-senator-issues-stark-warning-over-new-banking-loopholes" rel="noopener noreferrer nofollow">U.S. Senator issues stark warning over new banking loopholes</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/analyst-says-competition-forced-trump-linked-firm-to-pull-etf-filing" rel="noopener noreferrer nofollow">Trump-linked firm immediately withdraws Bitcoin ETF application</a></li>
</ul>
<h2 id="saylor-highlights-popularity-of-strive-s-sata-and-asst">Saylor highlights popularity of Strive's SATA and ASST</h2>
In an <a href="https://x.com/saylor/status/2057855709480362460" rel="noopener noreferrer nofollow">X post</a> on May 22, Saylor revealed what he thought was the "most interesting story in Bitcoin right now," which is&nbsp;the rising popularity of Strive's financial instruments.
Strive is an investment firm co-founded by entrepreneur and Republican leader <a href="https://www.thestreet.com/crypto/policy/vivek-ramaswamy-bets-big-bitcoin-new-golden-age-innovation-america" rel="noopener noreferrer nofollow">Vivek Ramaswamy</a> that holds&nbsp;15,391 Bitcoin on its balance sheet.
<figure><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjE3OTgwMTIzNDEwODY3ODE0/vivek-ramaswamy.jpg" height="675" width="1013">
 <figcaption>
 Vivek Ramaswamy at the Charity Day 2025, hosted by Cantor Fitzgerald Relief Fund in September 2025 
 Getty Images
 </figcaption>
</figure>
However, it <a href="https://www.globenewswire.com/news-release/2026/03/19/3258922/0/en/Strive-Inc-Announces-Financial-Results.html" rel="noopener noreferrer nofollow">reported</a> a loss of&nbsp;$393.6 million&nbsp;for the period from Sep. 12, 2025, to Dec. 31, 2025, which included a loss of $194.5 million on its Bitcoin holdings.
But Saylor highlighted that the company's common stock,&nbsp;ASST, and high-yield perpetual preferred stock,&nbsp;SATA, are gaining popularity in the markets.
<blockquote class="twitter-tweet">
 The most interesting story in Bitcoin right now is the rise of <a href="https://x.com/search?q=%24SATA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SATA</a> in the credit markets and the embrace of <a href="https://x.com/search?q=%24ASST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ASST</a> by the equity capital markets.— Michael Saylor (@saylor) <a href="https://x.com/saylor/status/2057855709480362460?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2026</a>
</blockquote>
While the equity capital markets are embracing ASST, the credit markets are embracing SATA, he highlighted.
While the ASST is a common stock, the SATA preferred stock borrows capital and issues interest-bearing bonds. Both instruments are used to raise capital for Bitcoin purchases among other purposes.
While the former's profile has grown in the equity markets, the latter's popularity has grown in the credit markets, Saylor argued.
<a href="https://strive.com/" rel="noopener noreferrer nofollow">As per Strive</a>, SATA will turn into a&nbsp;13% APR dividend paid every business day beginning June 16. It means the&nbsp;dividend frequency will rise from 12 payments a year to approximately 250 payments a year.
As far as ASST is concerned, the common stock has fallen from over $50 in early October last year to $18.30 at press time.
Saylor's praise for Strive's financial instruments is understandable, given that Strive's model is very similar to Strategy's model which also issues an MSTR common stock and a bunch of perpetual preferred stocks such as STRC,&nbsp;STRD, STRK, and&nbsp;STRF to raise capital for Bitcoin purchases.
<figure><a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 Bitcoin price chart, Source: Decibel
 </figcaption>
</figure>
Bitcoin was trading at $76,631 at the time of writing.
<a href="https://www.thestreet.com/crypto/markets/americas-oldest-bank-raises-stake-at-microstrategy" rel="noopener noreferrer nofollow">Related: America’s oldest bank raises stake at MicroStrategy</a>

Michael Saylor reveals 'most interesting story in Bitcoin' right now

Table of Contents

TheStreet Roundtable

Other articles published on May 22, 2026

Join our free newsletter for daily crypto updates!