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‘MicroStrategy Could Delve into Bitcoin Futures,’ Says Saylor

Published 02/08/2023, 03:31 AM
Updated 02/08/2023, 04:00 AM
© Reuters. ‘MicroStrategy Could Delve into Bitcoin Futures,’ Says Saylor

  • Michael Saylor says MicroStrategy could explore Bitcoin futures in the future.

  • Saylor says buying MicroStragey is an easier way for institutional investors to hold Bitcoin.

  • MicroStrategy reported a loss in Q4 2022.

Michael Saylor, co-founder and executive chairman of MicroStrategy Inc., has stated that the enterprise-software firm may explore futures contracts on the CME Group (NASDAQ:CME) exchange in the long term.

In an interview with Bloomberg TV on Monday, Saylor admitted that the company had explored but ultimately opted against lending out its Bitcoin through other firms, some of which went bankrupt in 2022.

The former MicroStrategy CEO said:

In the future, we will always consider forward yields. We may find a way to generate yield this way.

When discussing why investors should buy MicroStrategy shares instead of directly buying Bitcoin, Saylor cited the lack of accessibility for institutional investors when buying cryptocurrencies. According to Saylor, institutional investors can use MicroStrategy to gain indirect exposure to Bitcoin without directly owning the cryptocurrency.

Saylor also went on to explain that the process of buying Bitcoin through a…

The post ‘MicroStrategy Could Delve into Bitcoin Futures,’ Says Saylor appeared first on Coin Edition.

See original on CoinEdition

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