bitcoin forever. While he said some time ago he intended to add more bitcoins in MicroStrategy’s wallet, Michael Saylora famous investment mogul and die-hard bitcoiner, today claimed that his company, MicroStrategy will continue to be an attractive option for investors wishing toexpose to BTCthus confirming not to be afraid of the Bitcoin ETFs that will be offered by others financial giants such as BlackRock if the SEC grants their request, but that’s another story. So let’s get back to our topic.
MicroStrategy’s advantage over Bitcoin ETFs according to Saylor
It was therefore during an interview with the Bloomberg media that Michael Saylor explained that even though the SEC approves the Spot Bitcoin ETFs, MicroStrategy will always offer something these funds cannot. Attractive returns.
The company uses leveraged investments, which allows it to generate returns passed on to shareholders. This operating flexibility will not be available for ETFs, making MicroStrategy a unique instrument for investors, according to the bitcoiner CEO.
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MicroStrategy, a rolling business
During this interview, Saylor also compared his company to a “ sports car while a spot ETF would be like a “ supertanker “. ETFs would allow large hedge funds and sovereign funds to enter the market with billions of dollars, while MicroStrategy would remain ” differentiated as a retail Bitcoin mining strategy “.
Since launching its buy Bitcoin strategy in August 2020, the price of Bitcoin has increased by 145%, which has had a significant impact on MicroStrategy’s market capitalization, which now stands at $5.3 billion. Saylor also confirmed that the company’s goal is to accumulate as much Bitcoin as possible in the coming quarters, while the SEC does not seem ready to give a concrete answer as to thespot bitcoin ETF endorsement.
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