Michael Saylor is planning to bring a Bitcoin backed 'money market style' financial instrument to Wall Street

Golden Finance reported that Strategy has launched a $2 billion "Stretch" variable preferred stock issuance, offering a floating dividend of 9%. This product does not directly expose investors to Bitcoin, but utilizes the historical return characteristics of Bitcoin to maintain high dividends. The issuance, named STRC, has been highly sought after by investors, prompting the company to expand its issuance size fourfold. It may represent a new type of investment tool that can bring the potential of Bitcoin into the income oriented investor community of traditional finance.