MicroStrategy Considering Lending Or Mortgageing Its Bitcoin Holdings
AnTy18 December 2021
Business intelligence firm MicroStrategy is now looking for ways to generate returns on its Bitcoin stash.
During the company’s investor day with shareholders, CEO Michael Saylor said they could loan some of the Bitcoin holdings to a “trusted counterparty.”
It would put the company in some sort of partnership with a bank or a big tech company. “You might think of it as a privilege,” Saylor said.
“It could become a good source of income for us, or we could develop it with interesting applications. “
Saylor added that the company could also “put a mortgage on it” to generate long-term debt under favorable circumstances.
As of yet, no formal action has been taken on any of the potential options, Saylor noted during the virtual presentation.
Using cash flow from MicroStrategy’s core business and issued two convertible bonds and one covered bond, the company has raised over 122,500 Bitcoin worth over $ 5.7 billion at the current price of ‘approximately $ 46,850.
46 774,6845$4,680,01 %
Volume 28.62 b Variation $ 4.68 Opening $ 46,774.6845 Circulation 18.9 m Capitalized market 884.24 b
AnTy has been involved in the crypto space full time for over two years now. Prior to her blockchain debut she worked with the NGO Doctor Without Borders as a fundraiser and since then has explored, read, and created for different segments of the industry.