MicroStrategy founder Michael Saylor seems unafraid of spot bitcoin ETFs making his company’s stock obsolete if and when they launch.
Rather, the executive believes that the approval of such funds, which the Securities and Exchange Commission has not previously permitted, would be “a catalytic event” that could benefit entities in the segment, including MicroStrategy.
While certain types of investors would gravitate toward bitcoin ETFs, MicroStrategy stock offers a way to get bitcoin exposure with benefits such funds won’t offer, Saylor argued during MicroStrategy’s third quarter earnings webcast Wednesday.
Spot bitcoin ETFs would provide an onramp for Wall Street capital…
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