Bitcoin

Read

MicroStrategy’s Michael Saylor reveals ingenious dual strategy, turning billions in losses into profitability with Bitcoin investments, endorsing BTC ETF. 
In a recent <a href="https://www.youtube.com/watch?v=Z3fkCIQ91hg&amp;ab_channel=CNBCTelevision" rel="noopener noreferrer nofollow">interview </a>, MicroStrategy’s Executive Chairman, <a href="https://thecryptobasic.com/2022/08/03/successfully-running-microstrategy-for-3-decades-saylor-steps-down-as-ceo-after-firm-bears-huge-bitcoin-losses/" rel="noopener noreferrer nofollow">Michael Saylor </a>, shed light on the company’s ingenious dual strategy, which saw it return to profitability after previously stomaching losses in billions of dollars. 
Saylor confidently stated that the marriage of the two strategies has proven more valuable than their individual parts. 
According to the chairman, the operating company offers investors diversification against the volatility of Bitcoin while also providing access to low-cost borrowing, with a blended cost of capital as low as 1.5%. This enables MicroStrategy to channel borrowed funds into Bitcoin investments. 
On the other hand, the company’s investments in Bitcoin have yielded impressive returns after surging by 145% since MicroStrategy began its purchases. 
Moreover, he highlighted that the Bitcoin position generates volatility in the company’s stock, allowing MicroStrategy to raise capital at lower costs, which, in turn, is reinvested to grow the business further. 
Recall that MicroStrategy recently acquired over 12k BTC, bringing its total holding to a staggering dollar value of $4.52 billion, as The Crypto Basic <a href="https://thecryptobasic.com/2023/06/28/microstrategy-acquires-12333-bitcoin-now-holding-152333-btc-worth-4-52-billion/" rel="noopener noreferrer nofollow">reported. </a> 
<h2 id="span-style-font-weight-400-there-s-consensus-about-bitcoin-s-uniqueness-span">There’s Consensus about Bitcoin’s Uniqueness </h2>... 
<a href="https://thecryptobasic.com/2023/08/03/michael-saylor-says-politicians-regulators-and-investors-endorse-bitcoin-as-valuable-international-asset/" rel="noopener noreferrer nofollow">Read more</a>

Michael Saylor Says Politicians, Regulators, and Investors Endorse Bitcoin as Valuable International Asset

Tabla de contenidos

TheCryptoBasic

Otros artículos publicados el 3 ago 2023

Binance User Count Hits 150 Million, CEO CZ Reveals

Ukraine claims $81m tax gap from unregulated crypto exchanges

South Korean Banking Behemoth to Launch Crypto Custody Service

BlockFi victims set to get reimbursed

Astronaut Insight

DOGE Rumor-Influenced Rally Rejected at Pattern Resistance

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!