Microstrategy looking to generate yield through its Bitcoin holdings

The CEO of Microstrategy firm hinted that they are planning to generate revenue income through the Bitcoin holdings.

Microstrategy is a software firm and its CEO Michael Saylor is popularly known in the crypto industry because of his bullish nature on Bitcoin. In the past few years, he collected around a total of 122,000 Bitcoins. He is in profit by around 50%.

As we know that Bitcoin is that tool, which is not only a trading asset but also besides those many advantageous factors that can be used to generate revenue. 

On Friday during the investor day presentation, Michael talked about the Bitcoin holdings. Michael said that he had not taken any formal step regarding the use of Bitcoin holdings. 

Through the statement, Micheal noted that there can be better use cases to generate yield with the Bitcoin holdings. 

 

“We have not taken any formal steps here yet…really enthusiastic about the opportunities to generate yield off of our bitcoin.”

Michael said that we can lend our Bitcoins to a trustworthy party. 

“We think that we could lend it to a trustworthy counterparty. And when we find the counterparty that we trust and the circumstance we trust, we might lend it out and generate yield.”

Alternatively, Michael said that there are a few other options. And one option is a partnership with a leading tech company, which can use our Bitcoins and can give yield to the Holdings. 

“If we did a partnership with a big tech company or a big bank or some other player that wanted access to that bitcoin, that could become a good source of income for us.”

Michael also noted that Company can develop its interesting application for Bitcoin. 

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