“Bitcoin ETF is not a threat to the company’s stock” MicroStrategy Chairman Thaler

Bitcoin ETF vs MicroStrategy Stocks

Saylor, chairman of MicroStrategy, the U.S.-listed company that holds the largest amount of the virtual currency Bitcoin, said in an interview with Bloomberg TV, “The Bitcoin ETF does not reduce the attractiveness of the company’s stock and does not pose a threat.”

Amid growing expectations that the SEC will approve a Bitcoin ETF listing application next year, the company’s stock, which has been seen as an alternative to Bitcoin ETFs, may lose its investment appeal. It was a statement. MicroStrategy currently holds 174,530 BTC ($7.6 billion).

connection: MicroStrategy purchases approximately $600 million worth of virtual currency Bitcoin

Regarding the benefits of the company’s stock, Saylor said, “Bitcoin ETFs have no leverage and charge fees. On the other hand, our (stocks) provide leverage but do not charge fees.” He added, “Investors who are long Bitcoin We offer high-performance ETFs for the

The company’s stock price has increased in line with the recovery of Bitcoin prices this year, and has shown strong performance, rising 300% since the beginning of the year.

Source: Google

connection: MicroStrategy’s Bitcoin investment reaches $1 billion in unrealized gains

On the other hand, MicroStrategy’s future Bitcoin exit strategy is still unclear, so it is a point of interest for investors.

connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

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