MicroStrategy is Considering the Possibility of Offering Crypto Lending
Michael Saylor, head of analytical software maker MicroStrategy, has told the company investors MicroStrategy will study the possibility of making extra money on assets in Bitcoin, Bloomberg has reported.
He said:
“You can either take a long-term loan on favorable terms secured in Bitcoin, or lend a Bitcoin loan to a trusted counterparty. It could be a good source of income.”
He has said that MicroStrategy still has not made a final decision on the matter. According to him, banks and large technology companies are potential borrowers.
Saylor has also questioned the market’s willingness to issue Bitcoin-backed bonds, however, he has admitted such a possibility in the future. According to him, the company will continue to issue corporate securities and debt.
MicroStrategy acquired this month an additional 1,434 BTC for about $82.4 million.
At the moment, the company owns 122,477 BTC it has bought for about $3.66 billion. The value of MicroStrategy’s Bitcoin holdings amounts to $5.75 billion.
Saylor has said Bitcoin is a “global reserve asset” and has admitted the company would hold the cryptocurrency “forever.”
