January 23, 2022

MicroStrategy May Do Crypto Lending

Michael Saylor, head of analytical software maker MicroStrategy, told investors that the 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 acquired an additional 1,434 BTC for about $ 82.4 million.

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

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

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