While speaking
to newsmen, he made known the intention of his firm to continue to invest enormously
in Bitcoin, adding that the potential proceeds of a planned $750 million share
sale will also be invested in the digital currency.
He said
that since the company started its purchasing strategy in August 2020, Bitcoin has
skyrocketed by 145%.
In
addition to that, his firm uses leveraged investments to generate yields that
are passed to shareholders.
On the
other hand, Saylor said spot Bitcoin ETFs would allow large hedge funds and
sovereigns to come into the space with billions of dollars.
“Spot ETFs
will serve another set of customers in a synergistic fashion to grow the entire
asset class,” he added.
According
to a data-led
and digital financial services firm, Fintel, MicroStrategy has more than 470
institutional shareholders and a market capitalization of $5.3 billion.
Analysts are
of the opinion that the company’s spot Bitcoin ETF approval chances in the
United States is 65%.
No comments:
Post a Comment