MicroStrategy CEO believe they are doing efficient works with bitcoin purchase

On Feb 6, 2022

Micheal Saylor shared his point of view on how the company is trying to bring efficiency in its holdings of Bitcoin and purchasing more Bitcoins instead to show interest in futures ETFs.

MicroStrategy is a business intelligence firm. Its CEO Micheal Saylor is highly bullish on Bitcoin and he remains always active to appreciate the technology of Bitcoin. And he always supports bitcoin-inclined initiatives in the world.

Recently during the earnings call of Q4, Micheal shared many ideologies of the company that how it is doing much better than other companies.

Michael said that the company gained 6% growth from its fundamental business over last year and the company is continuously buying Bitcoin to add in its balance sheet as reserved funds.

Michael noted that there are not much better options available for people/companies alternative to Bitcoin because companies and people are paying 1-2% and sometimes more in few scenarios for their holdings of ETFs. But here holding and buying of bitcoins by the company is a highly efficient work by direct investment and also the company is not spending any fees to hold.

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In the earnings calls event, Micheal also noted that they want to support and generate more funds with Bitcoin Holdings. He stated that the company also purchases Bitcoin with free cash flow.

“we’d acquired $25 million worth of additional Bitcoin from free cash flow.”

MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. $MSTR https://t.co/bF6VImC0Qy
— Michael Saylor⚡️ (@saylor) February 1, 2022

MicroStrategy CEO also said that the company is still planning to generate yield through its holdings of Bitcoin on the balance sheet by getting into collaboration with other companies. Besideside all these things, Michael noted that many institutions are also diverting their attention toward Bitcoin because of the huge currency volatility in Turkey, America, South Africa.

Now it will be interesting to see what steps the company of Micheal will take to generate more revenue with bitcoin holdings, or if the company develops in-home service related to Bitcoin.