BAF NEWS

November 2025 Strategy credit record high: Saylor’s chart

Here’s the twist: November 2025 Strategy credit record high is in, and the headline number is about $18.9 million in bitcoin-backed credit weekly volume for the week ending november 21 2025. Michael Saylor posted a “Bitcoin-Backed Credit Weekly Volume” chart on X and tagged it with “probably nothing,” igniting fresh chatter. The “michael saylor probably nothing” quip traveled fast, but the data did the talking.

By the numbers: $18.9M and +50.8% WoW

According to available reports, total weekly issuance hit about $18.9 million for the week ending november 21 2025. Moreover, that tally marked a roughly 50.8% week-over-week rise, signaling accelerating bitcoin-backed credit weekly volume. Still, one week is just one week, so context matters.

Ticker breakdown: STRC leads over $10.5M

STRC led the charge, clearing more than $10.5 million for the week, based on coverage of the same chart. Meanwhile, STRD, STRF, and STRK filled in the rest of the strc strd strf strk volume picture. Together, they powered the new peak without reliance on a single print.

What are STRC, STRD, STRF, and STRK?

These are strategy preferred stock instruments that trade publicly and offer yield-focused exposure. In short, the series function as the company’s perpetual preferred/credit paper. Therefore, context around strategy preferred stock instruments helps explain why issuance surges can appear in bursts.

Timeline to the November 2025 Strategy credit record

Coverage points to a steady climb through mid November, then a jump into Nov. 17–21, culminating in the $18.9 million high. Put differently, momentum built for the week ending november 21 2025 before the breakout became obvious. Yet a single all time high doesn’t guarantee follow through.

What’s next: weekly volumes and disclosures to watch

What no one is mentioning: secondary prints can retrace as quickly as they spike. So track the next bitcoin-backed credit weekly volume update and any issuer notes flagged by Saylor’s posts. If another “michael saylor probably nothing” moment appears, it may again coincide with strc strd strf strk volume leadership.

You might be surprised that sentiment often swings on simple charts and brief captions. However, a higher low pattern across several weeks would confirm the November 2025 Strategy credit record high as more than a blip. Until then, keep an eye on strategy preferred stock instruments and the usual cadence of weekly disclosures.