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Bitcoin ETFs Won’t Be a Threat to MicroStrategy, Saylor Says
MicroStrategy Inc. executive chair and co-founder Michael Saylor says the company will remain an attractive option to investors seeking exposure to Bitcoin even if the US approves exchange-traded funds that hold the largest cryptocurrency. “The ETFs are unlevered and they charge a fee,” Saylor said during an interview with Bloomberg TV on Tuesday. “We provide you leverage, but we don’t charge a fee. We offer a high-performance vehicle for people that are Bitcoin long investors.” The Tysons Corner, Virginia-based enterprise software firm has made buying Bitcoin part of a dual corporate strategy, making it ... (full story)