Michael Saylor, the executive chair of MicroStrategy Inc. (NASDAQ:MSTR), remains positive about the company’s position in the Bitcoin (CRYPTO: BTC) market despite the potential approval of Bitcoin ETFs in the U.S.
What Happened: Saylor, in a recent interview with Bloomberg, assured that the approval of Bitcoin ETFs would not deter investors from MicroStrategy, which offers a fee-less, leveraged investment vehicle for Bitcoin. The company, which holds Bitcoin worth $6.5 billion, is expected to continue attracting investors due to its unique position in the market.
The Securities and Exchange Commission (SEC) is predicted to approve Bitcoin spot ETFs by mid-January. However, Saylor believes MicroStrategy’s strategy of leveraging “intelligent” borrowing at zero percent ...