Michael Saylor Maps Out Bitcoin-Backed ‘Digital Asset Stack’ With Yield Layer

Michael Saylor is expanding the familiar Bitcoin treasury argument into a broader model for tokenized finance, laying out a four-layer “Digital Asset Stack” that starts with BTC as pristine collateral and builds credit, yield and equity instruments above it.TL;DRSaylor’s model places Bitcoin at the base as digital capital and collateral.The framework includes digital credit, an intermediate yield layer and a higher-risk digital equity layer.The 8% yield language should be treat