Strategy's Michael Saylor on the crypto sell-off and the company's approach to buying more bitcoin

Market Dynamics - Crypto market experiencing a selloff, with Bitcoin falling below $90,000 [1] - Bitcoin is a volatile asset, and anything can happen before the end of the year [1] - Natural deleveraging of Bitcoin asset happens every six months to a year [1] Business Strategy - Company issues digital credit backed by Bitcoin [2] - Company sold approximately $130 million worth of treasury credit (stretch STRC) [3] - Company sold approximately $700 million worth of European credit instrument (stream STRE) [3] - Credit instruments pay dividends, potentially at 10% at par [3] - Bitcoin buys are driven by the credit markets [4] - Capital acquired from selling credit is used to buy Bitcoin [4]