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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/microstrategy-affirms-unwavering-commitment-to-bitcoin-amid-etf-prospects-ceo-michael-saylor/">MicroStrategy Affirms Unwavering Commitment to Bitcoin Amid ETF Prospects: CEO Michael Saylor</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
In a resolute statement, MicroStrategy’s co-founder, Michael Saylor, likened the firm to a “sportscar” in comparison to a spot ETF, which he described as a “supertanker,” while discussing Bitcoin exposure for investors. 
<h2 id="saylor-restates-companys-bitcoin-course-regardless-of-spot-etf-approvals" data-name="saylor-restates-companys-bitcoin-course-regardless-of-spot-etf-approvals" class="wp-block-heading">Saylor Restates Company’s Bitcoin Course Regardless of Spot ETF Approvals</h2> 
MicroStrategy co-founder Michael Saylor assures investors that the company will maintain its unwavering focus on Bitcoin, in spite of any future approvals for spot exchange-traded funds (ETFs).&nbsp; 
In an interview with Bloomberg on August 2, Michael Saylor r<a href="https://www.bloomberg.com/news/articles/2023-08-02/microstrategy-mstr-expects-to-retain-appeal-even-if-bitcoin-etf-approved" rel="noopener noreferrer nofollow">eaffirmed MicroStrategy’s</a> commitment to Bitcoin, stating that the firm will remain an appealing option for investors seeking exposure to the cryptocurrency. Even if spot Bitcoin ETFs receive regulatory approval in the future, Saylor is confident that MicroStrategy’s offering will still set it apart. 
Saylor’s remarks came after the company <a href="https://twitter.com/saylor/status/1686838228349829121?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1686838228349829121%7Ctwgr%5Ec1dd6751b8baba8c8d75ec5125fb62e8ea5e8dae%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmicrostrategy-bitcoin-strategy-remain-despite-etf-approval" rel="noopener noreferrer nofollow">confirmed its intention</a> to keep adding more Bitcoin to its balance sheet, including the potential proceeds from a planned $750 million share sale. 
During the August 1 earnings call, Saylor made similar comments, highlighting that MicroStrategy’s operating strategy concerning Bitcoin will remain distinctive even with the arrival of spot ETFs.&nbsp; 
<h2 id="microstrategy-the-sportscar-of-crypto-saylors-perspective-on-spot-etfs-and-bitcoin" data-name="microstrategy-the-sportscar-of-crypto-saylors-perspective-on-spot-etfs-and-bitcoin" class="wp-block-heading">MicroStrategy, the ‘Sportscar’ of Crypto: Saylor’s Perspective on Spot ETFs and Bitcoin</h2> 
MicroStrategy’s daring Bitcoin strategy has captivated the financial and tech communities, witnessing a remarkable 145% surge in Bitcoin’s value since the company began its purchasing approach in August 2020. 
During a recent interview, Michael Saylor emphasized the company’s unique advantage as an operating entity, allowing them to leverage opportunities that traditional ETFs cannot access. 
Drawing a comparison, Saylor described MicroStrategy as a “sportscar” in the cryptocurrency market, while spot ETFs would be akin to “supertankers.” He future elaborated on how to spot ETFs that might appeal to large hedge funds and sovereign entities with substantial investments. 
Highlighting MicroStrategy’s robust position, the company boasts over 470 institutional shareholders and a market capitalization of $5.3 billion. Saylor reiterated the company’s commitment to acquiring more Bitcoin as it continues to be a focal point in the financial landscape. 
With <a href="https://twitter.com/JSeyff/status/1686709254185463808?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1686710022468706304%7Ctwgr%5Ed2280b0842944d8a0180ad2d15cc557178c63146%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmicrostrategy-bitcoin-strategy-remain-despite-etf-approval" rel="noopener noreferrer nofollow">analysts raising</a> spot Bitcoin ETF approval chances to 65% in the United States, Saylor remains undeterred, aiming to accumulate more Bitcoin in the coming quarters. 
Additionally, MicroStrategy is planning to sell up to $750 million in class A common stock, with the primary use of proceeds being to acquire more Bitcoin, as outlined in a recent SEC filing.

MicroStrategy Affirms Unwavering Commitment to Bitcoin Amid ETF Prospects: CEO Michael Saylor

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