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MicroStrategy CEO Considers Raising More Debt to Buy Bitcoin

  • Software firm has bought roughly $2.2 billion of the token
  • Saylor has described token as the world’s ‘scarcest asset’
Michael Saylor speaks virtually during the Bloomberg Crypto Summit on Feb. 25.
Michael Saylor speaks virtually during the Bloomberg Crypto Summit on Feb. 25.Photographer: Daniel Acker/Bloomberg

MicroStrategy Inc.’s Michael Saylor says he will consider issuing more debt in order to help finance the company’s purchase of Bitcoin as part of its corporate strategy.

“We’ve been pretty clear that we’ll consider equity and debt financings,” in order to buy more Bitcoin Saylor said at the Bloomberg Crypto Summit during an interview with Joe Weisenthal. “It makes sense to buy as much of that asset class as we can,” he said.