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 the largest publicly traded company to hold the digital-asset on its balance sheet. MicroStrategy held about $6.5 billion of Bitcoin as of Nov. 30.
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