MicroStrategy CEO Michael Saylor continues to consider alternative methods to increase the amount of Bitcoin on the company’s balance sheet.
Michael Saylor, one of the leading names in the Bitcoin community, conducted an interview with Bloomberg. Saylor said in the interview that MicroStrategy shares (MSTR) are a better alternative to other exchange-traded instruments like Grayscale. Saylor also suggested that MSTR might be more attractive as it does not charge fees as an operating company, even than a spot ETF approved by the U.S. Securities and Exchange Commission (SEC). Saylor used the following statements on the subject:
“If you are looking for a leveraged Bitcoin game with a positive return spot investment, then MicroStrategy is the only game in town.”
Will Continue to Buy
Saylor also said that the company will continue to buy Bitcoin and is considering alternative ways to make large Bitcoin purchases in the future:
“Probably the most attractive and interesting thing is to yield or borrow against 110,000 Bitcoins currently uncommitted and then reinvest it into more Bitcoins.”
On the other hand, he added that the company has not made any decision yet and that any plan will be tested against risk parameters.
34101
