The CEO of MicroStrategy has discovered many ways the company can benefit from its massive investment in Bitcoin.
At Thursday's Virtual Investor Day, the CEO of MicroStrategy (MSTR) described several ways companies can benefit from holding more Bitcoin.
MicroStrategy develops market analysis software, but its market value usually reflects the value of its Bitcoin holdings. According to the company profile, as of December 10, the company held 122,478 Bitcoins. These bitcoins have been purchased since the third quarter of last year, with a total value of $ 3.7 billion and a current value of $ 5.8 billion.
Saylor says MicroStrategy can lend money to “trusted partners” to make money using those bitcoins.
Businesses can also use Bitcoin to partner with big tech companies or banks. “You might think it was a hoax,” Sailor explained.
MicroStrategy can also use Bitcoin as a trading platform to generate “good” long-term debt.
Finally, MicroStrategy can create a “kind of expansion” for Bitcoin.
In a statement, Sailor stressed that these initiatives were not part of the work plan.
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