Announcing that he bought Bitcoin (BTC) again last night, the founder of MicroStrategy, Michael Saylor, focused on BTC in his statements on Bloomberg TV.
Speaking on behalf of his company, which announced its earnings report yesterday, Michael Saylor answered the questions of the presenter.
The host asked Saylor how much Bitcoin they plan to have in total when MicroStrategy's BTC collections are over. Saylor made a statement in response to this question, “We aim to collect as much Bitcoin as we can on behalf of our shareholders.”
Stating that they made the purchases from their cash flows, Saylor stated that in their last transaction, they spent $14.4 million in BTC from the company's cash resources.
Saylor said they also use debt and equity resources to buy BTC from time to time. Saylor announced that they will continue to buy BTC as long as the market conditions are suitable.
After the server asked what he would do with the income they would earn if they sold shares, Saylor said that they would use this amount to buy BTC.
Saylor also stated that adopting a spot BTC ETF would be an ideal scenario for the market, a spot ETF would help large hedge funds enter the BTC market. He added that if the Spot BTC ETF is adopted, it will benefit the entire ecosystem.
*Not investment advice.
