Bitcoin ETFs Won’t Be a Threat to MicroStrategy, Saylor Says
- Co-founder says leverage and no fees make the stock attractive
- Software maker pursues duel strategy with Bitcoin purchases
Michael Saylor
Photographer: Joe Raedle/Getty ImagesThis article is for subscribers only.
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.”