Michael Saylor, the co-founder of MicroStrategy, believes his company will remain an attractive option for investors to gain exposure to Bitcoin, regardless of future approval of any Bitcoin-related exchange-traded fund (ETF). Saylor also confirmed his company’s intention to continue adding more Bitcoin to its portfolio, including using the potential proceeds from a planned $750 million share sale.
The Difference Between MicroStrategy and Bitcoin ETFs
In his interview with Bloomberg on August 2, Michael Saylor expressed confidence that MicroStrategy would continue to offer something unique that Bitcoin ETFs cannot provide. He emphasized that the company’s operational strategy for Bitcoin would stand apart even when Bitcoin ETFs become available. MicroStrategy benefits from leveraging investments to generate returns that are distributed to its shareholders, a feature that ETFs cannot replicate in the same way.
Advantages of Bitcoin ETFs
On the other hand, Saylor pointed out that Bitcoin ETFs would enable large investment funds and sovereign entities to enter the market with billions of dollars. He stated that these ETFs would serve a different customer segment and contribute to the overall development of the asset class.
MicroStrategy’s Goals and Future Plans
Saylor affirmed that the company’s goal is to accumulate as much Bitcoin as possible. When asked about the increase in their current holdings of 152,800 BTC in the coming months, he stated that they intend to sell up to $750 million worth of class A common stock, with the primary purpose of using the proceeds to acquire more Bitcoin.