Michael Saylor says Strategy (MSTR) has reached its "iPhone moment" with the rollout of Stretch (STRC) — perpetual preferred shares.

Why it matters:

It allows the company to raise billions for BTC purchases WITHOUT a maturity date.

No dilution for common shareholders.

Potential to unlock up to $200B in leverage.

Saylor is basically engineering a way to turn traditional equity markets into a massive funnel for Bitcoin accumulation.