Strategy Targets Global Credit Markets with Bitcoin-Backed Securities Plan

• Strategy prepares global rollout of Bitcoin-backed credit securities.
• Firm reports $12B operating income and major year-over-year profit rebound.
• Saylor highlights $71B in Bitcoin collateral to expand credit market reach.

Michael Saylor’s Strategy is positioning itself for entry into the S&P 500 as it advances plans to issue Bitcoin-backed credit products in multiple international markets. The initiative signals the company’s effort to integrate digital assets into mainstream credit structures and expand its financing capabilities globally.

Company President and CEO Phong Le confirmed that preparations are underway to launch credit instruments secured by Bitcoin and other digital assets. Le stated that Strategy is working with regulators in several jurisdictions to establish compliant frameworks for the issuance of these securities, calling it a foundational step toward becoming a major player in global credit markets.

The move follows a period of accelerating institutional adoption of Bitcoin as a treasury and yield-generating asset. Strategy reported $12 billion in operating income during the first nine months of 2025, marking a big return from the $0.8 billion loss posted in the same period a year earlier. Net income climbed to $8.6 billion from a prior $0.5 billion loss, while earnings per share rose sharply from –$2.71 to $27.71.

Capital Management and Credit Rating

The company’s financial disclosures indicate approximately $689 million in annual dividend and interest liabilities, primarily associated with preferred and non-cumulative securities. Strategy also manages $8.2 billion in convertible bonds with a blended interest rate of 0.421%, reflecting disciplined capital structure management.

In its latest evaluation, S&P Global Ratings assigned the firm a B- credit rating, acknowledging its capacity to meet financial commitments but maintaining a cautious outlook. Market analyst Adam Livingston described the rating as “outdated,” arguing that traditional credit assessments overlook the distinct collateral model built around Bitcoin holdings.

Saylor Emphasizes Collateral Strength and Growth Plans

Chairman Michael Saylor stated that Strategy has established over $71 billion in digital collateral designed to support future credit issuances. He said the company’s asset base provides transparency and scalability, positioning it to broaden investor access to credit products linked to digital assets.

Saylor added that improved credit visibility could help attract a wider investor base while strengthening shareholder exposure to Bitcoin performance. The firm remains focused on accumulation, with a recent purchase of 390 BTC, valued at $43 million at an average price of $111,562 per coin.