Strategy Says It Could Create Up to $30 Billion in Digital Credit

Strategy Executive Chairman Michael Saylor put the company’s potential digital-credit capacity at $10 billion to $30 billion, based on its existing capital structure. The figure describes potential capacity, not a planned issuance, and Strategy gave no timetable or breakdown of the instruments that might make up the amount.

Saylor made the estimate during Strategy’s third-quarter earnings webinar on Oct. 29, 2026, at about 5 p.m. ET (21:00 UTC). He said the company could reach the range “without raising any more equity capital and without Bitcoin appreciating.” Its Bitcoin holdings remain part of the balance sheet behind the estimate.

As of Oct. 25, Strategy held 848,517 Bitcoin (BTC) and had $5.07 billion in U.S. dollar assets. The dollar assets included a $4.83 billion reserve and $242.4 million in cash. Those dollar assets covered preferred dividends and debt interest for 3.4 years.

Strategy also raised funds through sales of its MSTR shares. It received $5.4077 billion in net proceeds from at-the-market share sales during the quarter ended Sept. 30, 2026. Through Oct. 25, Strategy had sold Bitcoin valued at about $431.8 million in 2026, with proceeds helping fund preferred dividends and STRC repurchases.

As of Oct. 25, Strategy had repurchased $2.04 billion of STRC year to date, with about $956.7 million of authorization remaining. STRC’s annualized dividend rate was 12% as of Oct. 25.

Preferred-stock holders rank ahead of common shareholders for dividends and company assets in a liquidation. Strategy is also required to pay dividends on its perpetual preferred stock, a commitment relevant to any expansion of its digital-credit financing.