MSTR - MicroStrategy CEO Touts 'Opportunity' To Take On More Leverage Says Value Generated From Bitcoin Holdings 'Expected To Outperform' If Price Of King Crypto Rises | Benzinga
MicroStrategy Inc. (NASDAQ:MSTR) is considering increasing its leveraged bets on Bitcoin (CRYPTO: BTC), signaling its readiness to amplify a strategy that has already inflated its Bitcoin holdings to over $14 billion.
What Happened: On Monday, during the first quarter earnings call, MicroStrategy’s executives championed an “intelligent leverage” approach to acquiring more Bitcoin.
The company’s President and CEO, Phong Le, suggested that if the market value of their Bitcoin increases, it would create more opportunities to manage their leverage targets.
Le said, “With the opportunity to take on more leverage in a prudent risk-managed fashion, the value generated from our increasing Bitcoin holdings would be expected to outperform even further if Bitcoin prices continue to rise.”
MicroStrategy’s unconventional strategy involves issuing billions in debt and equity to acquire more Bitcoin ...