Michael Saylor says Strategy and Strive can grow together

Why Michael Saylor thinks Strategy and Strive can both benefit

Michael Saylor’s argument starts with the size of traditional capital markets. SIFMA reports that global equity market capitalization reached $157.8 trillion at the end of 2025, while global fixed-income debt outstanding stood at $160.7 trillion.

A 0.1% allocation from either pool would equal roughly $160 billion. Michael Saylor used that comparison to argue that Bitcoin treasury companies are competing mainly against much larger traditional equity and fixed-income markets, not only against one another.

He wrote that Strategy and Strive may compete for the same individual investment, but a new investor learning how to assess one Bitcoin-linked preferred security could become more comfortable evaluating another. Saylor said several credible issuers could bring more research, trading liquidity and institutional attention to the category.

The two companies remain separate businesses with different securities, liabilities and management decisions. Strategy issues STRC, while Strive issues SATA. Both are perpetual preferred securities, but their terms and dividend schedules differ.

Strive already owns Strategy’s STRC

The relationship is more than theoretical. Strive disclosed on March 11 that it purchased $50 million of Strategy’s STRC preferred stock, initially acquiring 500,000 shares.