MicroStrategy might generate yield from its heavy Bitcoin holdings

Representatives from MicroStrategy (MSTR) discussed some of the ways the company could generate yield from its massive bitcoin holdings
Representatives from MicroStrategy (MSTR) discussed some of the ways the company could generate yield from its massive bitcoin holdings

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On Thursday, representatives from MicroStrategy (MSTR) discussed some of the ways the company could generate yield from its massive bitcoin holdings during a virtual investor day.

According to MicroStrategy’s presentation, the company owns 122,478 BTC (roughly 0.64% of the total current BTC supply) as of December 10, despite the fact that it develops business analytics software. MicroStrategy’s market capitalization is largely based on its bitcoin holdings. All of these bitcoins were purchased during the third quarter of last year for a total of approximately $3.7 billion and are now worth approximately $5.8 billion.

During the recent Bitcoin value drop, MicroStrategy topped its Bitcoin holding by purchasing additional 7,002 BTC units.

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Pro-Bitcoin, market enthusiast and CEO of the company Michael Saylor suggested that MicroStrategy could lend a percentage of its bitcoin holdings to a “trustworthy counterparty” in order to make income from the cryptocurrency.

MicroStrategy might bring some interesting application

It is also possible that MicroStrategy will consider putting a mortgage on its bitcoin so as to accumulate long-term debt if “favorable circumstances” arise.

The company might also enter into a partnership with a major technology company or financial institution to use its bitcoin. Putting a lien on BTC, as Saylor phrased it, is analogous to putting a lien on something else.

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Finally, MicroStrategy might also consider creating some kind of intriguing application for its bitcoin, according to the company’s CEO.

In his presentation, Saylor cleared that no formal actions had been taken on any of the potential initiatives he had mentioned.

Michael Saylor is known for being a huge believer in Blockchain technology and cryptocurrencies. He recently said that the BTC ETF would soon replace gold ETF, and one should sell all $10 trillion of gold to buy Bitcoin.

It will be a wise decision for the companies like MicroStrategy to utilize the company’s BTC holdings to take profits out of it.

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