Saylor Unveils Five-Layer Bitcoin Stack as BTC Stabilizes Near $62,000

Bitcoin held near $62,000 on June 20 as Michael Saylor detailed his five-layer Digital Capital Stack positioning BTC as pristine collateral for credit, yield, and equity products. The framework, first outlined June 16, rejects protocol-level staking and instead promotes capital-markets engineering atop Bitcoin. BlackRock’s BITA covered-call ETF debuted targeting 15-25% yields, while Strategy’s STRC preferred shares fell to a record low near $82. CryptoQuant CEO Ki Young Ju warned that prolonged sideways trading poses a greater threat than a crash, noting Strategy’s accumulation alone cannot restore momentum without a fresh narrative catalyst.