In an analogy-driven conversation, MicroStrategy’s co-founder Michael Saylor drew a comparison between his company and a sleek “sportscar.” This was in contrast to a “supertanker” that might represent a future spot ETF, as he mulled over the potential impact of these approvals on investors in search of Bitcoin exposure.

Michael Saylor, MicroStrategy’s visionary leader, is confident that his venture will continue to attract those intrigued by Bitcoin’s potential. This remains true regardless of the upcoming decisions regarding exchange-traded funds.

Strategies Amid Spot ETF Approval: Expanding Commitment

With determination, he reiterates the company’s dedication to expanding its cryptocurrency portfolio. This commitment could gain additional momentum from the projected funds of an imminent $750 million equity offering.

During an open discussion with Bloomberg on August 2nd, Michael Saylor expressed his view. He believes that despite the approval of a spot Bitcoin ETF, MicroStrategy will maintain a unique offering beyond the reach of these funds.

This viewpoint resounded in his declarations made during the earnings call on August 1st. He emphasized that MicroStrategy’s unique role in supporting the Bitcoin framework will persist despite spot ETFs.

Commencing its Bitcoin strategy in August 2020, MicroStrategy has witnessed a remarkable 145% surge in Bitcoin’s value. This achievement is attributed by Saylor to the astute utilization of leveraged investments, resulting in significant returns benefiting the stakeholders.

Michael Saylor`s Bitcoin Strategy

In contrast, spot Bitcoin ETFs would allow wealthy players to enter the crypto space with considerable financial power.

Boasting 470+ institutional stakeholders and a market cap of $5.3 billion according to Fintel, MicroStrategy’s market impact is unmistakeable. On August 2nd, analysts upped the odds of US spot Bitcoin ETF approval to 65%.

Saylor, resolute, affirmed their goal to gather Bitcoin aggressively. He addressed queries about the growth of their 152,800 BTC stash in the coming quarters.

Furthermore, he confirmed the firm’s plan to release up to $750 million in class A common stock, as indicated by a recent SEC filing. He emphasized that these funds are primarily aimed at acquiring Bitcoin.

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