Michael Saylor Outlines Genius Ways MicroStrategy Can Generate Income From Its Enormous Bitcoin Coffers
MicroStrategy, the business-intelligence software company that has cemented its position as the largest corporate holder of Bitcoin, is exploring potential ways to generate income from its massive trove. Here Is What MicroStrategy Could Do With Its Bitcoin Holdings After amassing 122,478 Bitcoin as of December 10, MicroStrategy might seek to make its money work for it. Speaking during a call with investors on Thursday, the company’s CEO Michael Saylor noted that it could lend some of its Bitcoin to a “trustworthy counterparty” to generate income. Lending has become one of the most popular cryptocurrency services in the nascent industry. As a holder, you can lend your crypto asset out to borrowers for an opportunity to earn interest. Crypto lending is especially very popular in the decentralized finance (DeFi) sector where investors deposit their assets to liquidity pools. During the call, Saylor explained how lending could be profitable for his company: “That could become a good...