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

Market Trends & Volatility - Crypto market experiences a selloff, with Bitcoin falling below $90,000, highlighting its volatile nature [1] - Industry anticipates natural deleveraging of Bitcoin, occurring roughly every six months to a year [1] Business Strategy & Credit Markets - Company's business model involves issuing digital credit backed by Bitcoin [2] - Company generates capital by selling credit instruments, such as $130 million in treasury credit (stretch STRC) and $700 million in European credit instrument (stream STRE) [3] - Credit instruments offer dividends, potentially at 10% at par, powered by Bitcoin [3] - Bitcoin purchases are driven by the capital acquired from selling credit in the credit markets [4]