Michael Saylor, CEO of MicroStrategy, has said in an interview with Bloomberg the company's shares are the best alternative to Bitcoin exchange-traded funds (ETFs) due to the non-existence of commissions to buy and hold shares. He said:
"If you're looking for a leveraged bitcoin play with spot exposure that's got positive yield, then MicroStrategy is the only game in town."
Saylor has said that even spot ETFs, which have not yet been approved by the US Securities and Exchange Commission (SEC), could be less attractive than investing in MicroStrategy. According to him, as an operating company, the latter can generate additional earnings per share.
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Last February 1, MicroStrategy released its financial results for the fourth quarter of 2021. For the reported period, the company's revenues amounted to $134.5 million, while operating expenses reached $248 million, the latter figure includes "impairment losses on digital assets," which exceeded $146 million.
The company's share price reacted negatively to the release of the report. On February 2, during the pre-trading period, the stock fell by 6%.