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Michael Saylor discusses how to ‘generate yield’


The Chairman and CEO of the manufacturer of analytical software MicroStrategy, Michael Saylor, in a conversation with investors, said that the company will consider the possibility of additional earnings on assets in Bitcoin (BTC). Bloomberg reported this.

Thus, he discussed that investors can either take out a long-term loan on favorable terms secured in Bitcoin. Or issue a loan in Bitcoin to a “trustworthy counterparty”. “That could become a good source of income for us,” he added.

According to Saylor, MicroStrategy has not yet made a final decision on this issue. He named banks and large technology companies as possible borrowers.

Questioning the readiness to issue Bitcoin-backed bonds

Saylor also questioned the readiness of the market to issue Bitcoin-backed bonds. However, he allowed such a possibility in the future. According to him, the company will continue to issue corporate securities and debt securities.

Recall that on December 9, MicroStrategy additionally acquired 1,434 BTC worth about $82.4 million. According to the report, the average purchase price was approximately $57,477. Transactions took place between November 29 and December 8, 2021. Moreover, the funds spent correspond to the revenue that MicroStrategy received during the same period from the sale of 119,828 shares at $693.1 apiece.

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

MicroStrategy reserves’ value in digital currency is about $5.75 billion

Throughout the year, the firm continued to invest in Bitcoin. The largest purchases were 13,005 BTC for $489 million in June and 7002 BTC for $414.4 million at the end of November. For all time, the average purchase price of Bitcoin by the company was about $29,861.

Michael Saylor called digital gold “world’s reserve asset” and admitted that the firm would store cryptocurrency “forever.”

“You don’t want to pay for your coffee with your Bitcoin, you want to pay for your coffee with a currency,” he said in an interview with CoinDesk TV.

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