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MicroStrategy’s Saylor Says Markets Not Ready for Bitcoin Bonds

  • Software maker decides to take loan rather than sell bonds
  • El Salvador’s proposed issue isn’t a ‘pure’ play, Saylor says
Michael Saylor
Michael SaylorSource: Bloomberg

Financial markets are unprepared for Bitcoin-backed bonds, according to MicroStrategy Inc. founder Michael Saylor, the most vocal advocate of companies adding the cryptocurrency to their balance sheets. 

“I’d love to see a day where people eventually sell Bitcoin-backed bonds like mortgage-backed securities,” Saylor, MicroStrategy’s Chief Execujtive Officer, said in an interview Tuesday after the software maker announced that it was taking a loan to buy more of the digital asset. “The market is not quite ready for that right now. The next best idea was a term loan from a major bank.”