Bitcoin’s much-anticipated spot ETF launch is viewed as a bullish event for the industry by Michael Saylor, co-founder and executive chair of MicroStrategy (MSTR). In a recent Bloomberg interview, Saylor discussed how the Bitcoin ETF differentiates from MicroStrategy’s stocks for potential and existing investors.
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MicroStrategy is commonly seen as a Bitcoin proxy, largely because of its substantial Bitcoin holdings. According to data by Bitcoin Treasuries, it ranks as the top public holder of Bitcoin.
However, Saylor was questioned about whether the ETF launch would negatively impact MSTR. Saylor responded, “ETFs are unlevered and they charge a fee. MicroStrategy is an operating company, so we’re fairly unique.”
Bitcoin spot ETF fundamentally different
Saylor emphasized that MicroStrategy can generate additional Bitcoin through P&L or capital markets operations. He likened MicroStra
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