MicroStrategy’s Saylor Wants More ‘Intelligent Leverage’

MicroStrategy Inc. co-founder and Chairman Michael Saylor says the dot-com-era software maker turned leveraged Bitcoin proxy plans to focus more on fixed-income securities for raising capital to buy the cryptocurrency, once its current fundraising program is exhausted.

Saylor stated the preference in a Bloomberg Television interview when asked about how he expects to fund future cryptocurrency purchases. To date, MicroStrategy has used a mix of new equity and sales of convertible bonds to finance the buying, the latter of which have rewarded owners as its stock rallied toward the price where they become exchangeable for stock.