Michael Saylor's BTC-Backed STRC Is Coming For A $300T Market

Chaitanya Jain (CJ) works on the Bitcoin team at Strategy.Most people know Strategy for its outspoken BTC bull Founder Michael Saylor and second, for buying billions in BTC, but more of you ought to learn about the financial instruments they've engineered, backed by BTC as digital capital that appreciates over time.In this episode, CJ breaks down how Strategy’s flagship STRC works, a perpetual preferred stock with a stable $100 price and 11.5% annual yield paid monthly in tax-deferred cash dividends. We dive into the ambitious plans at Strategy to target a $300 trillion fixed income market with STRC and how that could impact the price of BTC long term. We also dive into how DeFi teams are already tokenizing STRC to bring it onchain.------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro2:46 - CJ’s background and role at Strategy7:23 - What Strategy actually does with Bitcoin10:40 - Why Strategy chose to offer perpetual preferred equity14:58 - Which Strategy instrument is most senior?16:44 - How AI helped design Strategy instruments19:18 - What is STRC? Stable price, 11.5% yield, monthly dividends23:23 - Where does STRC yield actually come from?26:14 - ATM program for raising capital to buy more BTC29:21 - How does STRC enable Strategy to accumulate BTC in the bear36:49 - STRC could serve $300T fixed income market + the impact on BTC41:48 - Difference between MSTR vs STRC investors44:36 - Who is buying STRC right now?47:04 - Teams tokenizing STRC for DeFi51:41 - What are the real risks for STRC?55:00 - Would Strategy ever sell BTC?57:50 - Why STRC is Strategy’s “iPhone moment”1:01:55 - Closing------🔗 GUEST LINKS► Strategy website: https://strategy.com/► Strategy on X: https://x.com/strategy► CJ on X: https://x.com/cj_bitcoin► Nomatic's write-up on STRC: https://www.the-edge.xyz/p/strc-the-birth-of-bitcoin-credit------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic both have BTC exposure.