MicroStrategy May Do Crypto Lending

The head of the analytical software manufacturer MicroStrategy, Michael Saylor, in a conversation with investors, said thatthe company will consider the possibility of earning extra money on assets in bitcoin. Bloomberg reports.

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“You can either take a long-term loan forfavorable conditions secured by bitcoin, or issue a loan in bitcoin to a trusted counterparty. It could be a good source of income, ”he said.

Sailor said MicroStrategy has yet to make a final decision on the matter. He named banks and large technology companies as potential borrowers.

Sailor also questioned the market's readiness forissuing bitcoin-backed bonds, but allowed that possibility in the future. According to him, the company will continue to issue corporate securities and debt.

In December, MicroStrategy purchased an additional 1,434 BTC worth approximately $82.4 million.

At the time of writing, the firm owns 122,477 BTC, on which it has spent approximately $3.66 billion. The value of MicroStrategy's digital currency reserves is approximately $5.75 billion.

Sailor called Bitcoin a "global reserve asset" and admitted that the firm would hold the cryptocurrency "forever."

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