Facing potential challenges from Bitcoin spot ETF, MicroStrategy CEO Michael Saylor remains confident.

Zhitong
2023.12.20 07:08
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Despite the potential challenges of Bitcoin spot ETF, the CEO of MicroStrategy stated that the company still finds Bitcoin investment attractive. The company offers leveraged high-performance investment tools and holds $6.5 billion worth of Bitcoin. Analysts expect the U.S. Securities and Exchange Commission to approve the Bitcoin spot ETF by mid-January. Saylor stated that the strategy of purchasing Bitcoin through zero-interest "smart" leverage will maintain the company's competitiveness. MicroStrategy's stock price has surged over 300%, surpassing the increase in Bitcoin.