Golden Finance reported that MicroStrategy founder Michael Saylor posted on the X platform that MicroStrategy was a credit default swap for over $100 trillion in assets in the 20th century. (Note: Credit default swap, also known as credit default swap, is one of the most important credit risk mitigation tools for over-the-counter transactions. It is a financial derivative product. Credit A derivative instrument that can be viewed as a form of insurance against the default of a financial asset.