Michael Saylor's Strike, Stride, and Stretch offer retirees a way to earn roughly 10% annually without holding Bitcoin directly. These instruments promise to cover long-term expenses, potentially for 120 years, while Saylor takes on the cryptocurrency price risk instead.
If you're say 78 years old on fixed income, you can't go hold Bitcoin for 5 years and you can't stomach the volatility. I got to pay my bills, right? I need to pay for my medication, my electricity. So Michael Saylor says this, fine. You give me the money, I'll buy Bitcoin. I'll give you 10% yield guaranteed and I'll handle the volatility and take the risk. So he's created what's called preferred instruments, preferred stock. There's 4 of them. I'll keep it simple, but Strike, Stride, and the new one is Stretch, STRC. You can buy it in your brokerage account and it's going to pay you 10.5%. And today, if he never took in another penny, he could pay the debt obligation for 120 years. So it's the safest type of credit instrument that you can buy, and it pays about double what other assets are paying.
