Saylor says bitcoin’s volatility is easing as early holders cash out, clearing the way for institutions to step in and build a stronger market base. What to know:Michael Saylor said bitcoin’s sideways trading reflects “OG” holders cashing out while institutions wait for lower volatility. Strategy (formerly MicroStrategy) has created new bitcoin-backed credit products designed to give the asset cash-flow-like qualities. Bitcoin’s recent stretch of muted price action is a sign of strength, not weakness, according to Strategy (MSTR) Executive Chairman Michael Saylor. “We’re giving bitcoin cash flow,” he said, framing it as a way to broaden institutional adoption and draw more capital into the ecosystem.