Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy (NASDAQ:MSTR) Chairman Michael Saylor celebrated a landmark moment as his firm became the first Bitcoin (CRYPTO: BTC)-focused company to receive an S&P credit rating, marking a new chapter for institutional Bitcoin adoption. What Happened: S&P assigned Strategy a B- rating, recognizing the firm's evolution from a Bitcoin treasury to a Bitcoin-backed credit issuer. The company has launched four stru ...

I'm here with the executive chairman of Strategy, Michael Sailor. Thank you so much for joining us. >> Happy to be here.>> Michael, this is your first interview since the S&P granted its very first rating to a Bitcoin focused company. Is that correct. >> That's correct.>> So, tell me about this announcement, what the significance is to the industry. >> Well, the news just came out today. S&P put out a press release that they've granted uh for the first time to a Bitcoin treasury company a credit rating.So, ...

Bitcoin’s recent stretch of muted price action is a sign of strength, not weakness, according to Strategy (MSTR) Executive Chairman Michael Saylor. Speaking on an episode of Natalie Brunell’s "Coin Stories" podcast released Friday, Saylor argued that the market is in a consolidation phase as long-time holders sell portions of their stacks and institutions prepare for bigger allocations. “If you zoom out and look at the one-year chart, bitcoin is up 99%,” he said. “The volatility is coming out of the asset ...