MicroStrategy Inc. -- the enterprise software company that made waves by issuing debt to buy Bitcoin -- is looking for ways to generate yield on its massive digital-coin holdings.
Chief Executive Officer Michael Saylor discussed the strategy Thursday on the company’s investor day call with shareholders. The Bitcoin evangelist has been using cash flows from MicroStrategy’s main business to buy the cryptocurrency. It also issued two convertible bonds and a secured junk bond in addition to filing an equity shelf registration to raise money to acquire the digital coin. MicroStrategy now owns more than 122,000 tokens, worth in excess of $5.6 billion at current prices.
