- Michael Saylor’s Strategy increases dividend yield to 10%, contrasting sharply with the Federal Reserve’s modest 4.5% return.
- Pierre Rochard claims Bitcoin-backed reserves outperform Powell’s policies, fueling debate on monetary strategy during inflationary and uncertain financial conditions.
Michael Saylor’s decision to build a corporate balance sheet dominated by Bitcoin is again at the center of debate, this time framed against the policies of Federal Reserve Chair Jerome Powell. The comparison comes from Pierre Rochard, CEO of The Bitcoin Bond Company, who argues that Saylor’s model delivers stronger returns than the Fed’s approach to monetary policy.
Rochard posted on X that Strategy, the firm co-founded by Saylor, operates like “full reserve banking,” with 636,505 BTC backing its balance sheet and a dividend yield of 10% on STRC preferred stock. He contrasted this with the Fed’s fractional reserve system, which allows banks to lend out deposits while offering a 4.5% return on reserves. Strategy’s board recently approved cash dividends payable September 30, 2025, while raising the STRC rate from 9% to 10%.
The Federal Reserve, meanwhile, has made no move toward holding Bitcoin. Powell has said legal restrictions prevent such a step, and he has rejected any change in law to accommodate it. His position comes as the central bank prepares for its September 16–17 meeting, where traders expect a rate cut despite inflation running above target.
The backdrop for this debate is a volatile Bitcoin market
In August, a single wallet sold 24,000 BTC worth $2.7 billion, sending prices down sharply. The asset has since rebounded, trading at $111,533, a gain of 1.56% over the past 24 hours.
While Powell stresses caution, political voices are shifting. The Trump administration is considering deregulation for crypto markets and has floated the idea of a U.S. strategic reserve in Bitcoin. For advocates, this would mark a direct response to Saylor’s model of using Bitcoin as a treasury hedge against inflation and central bank policy.
