MicroStrategy’s Saylor Expects to Retain Appeal Even If Bitcoin ETF Is Approved

Michael Saylor says a spot Bitcoin ETF would bring in billions
As of of July 31, MicroStrategy held 152,800 Bitcoin

Michael Saylor, MicroStrategy chairman, says he’s buying up as much Bitcoin as he can. He speaks on “Bloomberg Markets.”Source: Bloomberg

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By Olga Kharif and Katie Greifeld

August 2, 2023 at 7:45 PM UTC

This article is for subscribers only.

MicroStrategy Inc.’s Michael Saylor says investors will continue to view his software firm as a Bitcoin proxy even if regulators approve the first US exchange-traded fund to directly hold the cryptocurrency.

A spot Bitcoin ETF should help all Bitcoin-related companies by bringing in billions in additional investments from the likes of large hedge funds, Saylor said Wednesday during a Bloomberg Television interview.