{"id":216520,"date":"2023-12-21T03:34:53","date_gmt":"2023-12-20T22:04:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/microstrategy-sees-no-threat-to-stock-post-bitcoin-spot-etf-crypto-news\/"},"modified":"2023-12-21T03:34:57","modified_gmt":"2023-12-20T22:04:57","slug":"microstrategy-sees-no-threat-to-stock-post-bitcoin-spot-etf-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/microstrategy-sees-no-threat-to-stock-post-bitcoin-spot-etf-crypto-news\/","title":{"rendered":"MicroStrategy Sees No Threat to Stock Post Bitcoin Spot ETF – Crypto News"},"content":{"rendered":"

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Bitcoin\u2019s much-anticipated spot ETF launch is viewed as a bullish event for the industry by Michael Saylor, co-founder and executive chair of MicroStrategy (MSTR). In a recent Bloomberg interview<\/a>, Saylor discussed how the Bitcoin ETF differentiates from MicroStrategy\u2019s stocks for potential and existing investors.<\/span><\/p>\n

Also Read:\u00a0<\/span>BTC Spot ETF: Theories Emerge About SEC\u2019s Potentially Conditional Green Light<\/span><\/a><\/p>\n

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MicroStrategy is commonly seen as a Bitcoin proxy, largely because of its substantial Bitcoin holdings. According to data by Bitcoin Treasuries, it ranks as the top public holder of Bitcoin.<\/span><\/p>\n

However, Saylor was questioned about whether the ETF launch would negatively impact MSTR. Saylor responded, \u201cETFs are unlevered and they charge a fee. MicroStrategy is an operating company, so we\u2019re fairly unique.\u201d<\/span><\/p>\n

Bitcoin spot ETF fundamentally different<\/span><\/h3>\n

Saylor emphasized that MicroStrategy can generate additional Bitcoin through P&L or capital markets operations. He likened MicroStrategy to an airline in comparison to ETFs being like shipping lines, offering higher performance and leverage without fees. He added, \u201cAnd we can take advantage of intelligent leverage. Like we can borrow money at 0% interest for many, many years [to buy Bitcoin].\u201d<\/span><\/p>\n

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The executive also confirmed that the company will continue to buy Bitcoin, saying, \u201cSo our goal is always to find a way to pursue more Bitcoin, per share for our shareholders.\u201d<\/span><\/p>\n

MSTR\u2019s BTC price-to-cost ratio improves<\/span><\/h3>\n

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MicroStrategy, the leading holder of\u00a0<\/span>Bitcoin<\/span><\/a>, has seen its Bitcoin value-to-cost ratio improve in December after several months of value decline. While the company\u2019s market capitalization stands at $9.1 billion, a staggering 83% of this value is attributed to its Bitcoin holdings at press time. And a rise or fall in the Bitcoin price impacts the company\u2019s valuations substantially.<\/span><\/p>\n