Massive Bitcoin HODL Firm MicroStrategy Plans for Lending
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- It’s no surprise that MicroStrategy is expanding its options.
- The Bitcoin price today is $46,570.70 USD.
MicroStrategy, one of the most prominent publicly listed firms that own bitcoin, is seeking to find out how to produce a return on its 122,000 BTC investment. According to Bloomberg, this was previously addressed with shareholders on MicroStrategy’s investor day call.
A decision is pending since the lending initiative is still up for revision. It’s no surprise that MicroStrategy is expanding its options for buying additional bitcoin, including equity issuance and corporate debt.
Nothing is surprising about the financing in any scenario. This is something the firm’s co-founder and CEO Michael Saylor has been hinting at for some time. That doesn’t cover all of the possible outcomes, though.
Saylor said:
“I think that we’re still a little bit too soon to say whether there’s a good Bitcoin-backed bond market, but I look forward to exploring that in the future,” he said, adding that he would approach this kind of bond offering if it was accretive to shareholders.”
Usually, Hardcore Bitcoiners Refuse
MicroStrategy’s Bitcoin may already be held by Coinbase, according to speculations. MicroStrategy has no impact because of the Bitcoiners’ opposition to lending. Because they don’t want to lose control of their Bitcoins, thus usually hardcore Bitcoiners refuse to lend them out. Self-ownership is essential in Bitcoin culture, and giving your BTCs to a third party is not worth the risk.
According to CoinMarketCap, the Bitcoin price today is $46,570.70 USD with a 24-hour trading volume of $35,132,156,933 USD. Bitcoin is down 2.80% in the last 24 hours.
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