MicroStrategy CEO Michael Saylor said that investors can invest in MicroStrategy rather than wait for a spot Bitcoin ETF.
Michael Saylor, CEO of software platform MicroStrategy, said that investing in his company is equivalent to investing in a spot Bitcoin ETF that is not yet in the market.
While many companies have filed for spot Bitcoin ETFs, the U.S. Securities and Exchange Commission (SEC) has either rejected or delayed decision on all of these applications. Michael Saylor is also of the opinion that investors should not expect this.
“We’re like your spot Bitcoin ETF that doesn’t exist yet”
The spot Bitcoin ETF allows direct investment in Bitcoin. This allows investors to access the digital asset without using any wallet.
“If you want to invest 2% in Bitcoin, you can invest 2% of your portfolio in MicroStrategy and the remaining 98% in anything you want”
Saylor He recently emphasized that his company will continue to invest in Bitcoin.
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