In an interview with Bloomberg, MicroStrategy CEO Michael Saylor said the company's shares are a great alternative to bitcoin exchange-traded funds (ETFs) because there are no commissions to buy and hold the shares. He said.
“If you’re looking for leveraged bitcoin plays with positive returns on spot exposure, then MicroStrategy is the only game in town.”
Saylor has said that even spot ETFs that have not yet been approved by the SEC may not be as attractive as investing in MicroStrategy. According to him, as an operating company, the latter can generate additional earnings per share.
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On February 1st of last year, MicroStrategy released its financial results for the fourth quarter of 2021. During the period, the company reported revenues of $134.5 million and operating expenses of $248 million, the latter including an "impairment loss on digital assets" of more than $146 million.
The company's stock price reacted negatively to the release of the report. On Feb. 2, the stock fell 6 percent during pre-market trading.