Facing potential challenges from Bitcoin spot ETF, MicroStrategy CEO Michael Saylor remains confident.

Zhitong
2023.12.20 07:08
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Despite the potential challenges of Bitcoin spot ETF, the CEO of MicroStrategy stated that the company still finds Bitcoin investment attractive. The company offers leveraged high-performance investment tools and holds $6.5 billion worth of Bitcoin. Analysts expect the U.S. Securities and Exchange Commission to approve the Bitcoin spot ETF by mid-January. Saylor stated that the strategy of purchasing Bitcoin through zero-interest "smart" leverage will maintain the company's competitiveness. MicroStrategy's stock price has surged over 300%, surpassing the increase in Bitcoin.

Zhitong App has learned that Michael Saylor, CEO and co-founder of MicroStrategy (MSTR.US), stated that even if the United States approves a Bitcoin spot ETF, the company will still remain attractive to investors seeking Bitcoin exposure.

Saylor said in an interview on Tuesday, "ETFs are unleveraged and charge fees. We offer leverage, but we don't charge fees. We provide a high-performance investment tool for investors who are bullish on Bitcoin."

It is understood that MicroStrategy Inc. is a provider of enterprise analytics, mobility, and security software solutions. This enterprise software company, headquartered in Tysons Corner, Virginia, has made the purchase of Bitcoin part of its dual corporate strategy, making it the publicly traded company with the most digital assets. As of November 30th, MicroStrategy holds approximately $6.5 billion worth of Bitcoin.

It is worth mentioning that analysts expect the U.S. Securities and Exchange Commission to approve a Bitcoin spot ETF by mid-January.

In response to this, Saylor said, "Our strategy of using 'intelligent' leverage to purchase Bitcoin at zero interest rates will maintain the company's competitiveness, and we have achieved this through convertible bonds."

Since the beginning of this year, MicroStrategy's stock price has surged by over 300%, surpassing Bitcoin's approximately 150% increase during the same period.

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