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Home Crypto News Market MicroStrategy CEO, Michael Saylor Considering To Enter Crypto Lending Market

MicroStrategy CEO, Michael Saylor Considering To Enter Crypto Lending Market

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Michael Saylor, head of MicroStrategy, on the company’s investor day call said that his company is looking to generate yields on their bitcoin holdings.



Michael Saylor told Bloomberg that he is planning to lend MicroStrategy bitcoins holdings and generate yield on it. Saylor said his company has yet to make a final decision on the matter. Major banks and enormous technology companies can be potential borrowers.

“There may be opportunities to either put a mortgage against it and generate long-term debt under favorable circumstances, which we could leverage up against the Bitcoin, or we think that we could lend it to a trustworthy counterparty.”

According to Saylor, lending company BTCs would be a good source of income for the shareholders.

“That could become a good source of income for us, or we could develop it with some kind of interesting applications.”

 

Saylor while answering a question said he also foresees the market’s willingness to issue bitcoin-backed bonds.

“I think that we’re still a little bit too soon to say whether there’s a good Bitcoin-backed bond market, but I look forward to exploring that in the future.” 

On December 9, MicroStrategy acquired an additional 1,434 BTC for about $82.4 million. At the time of writing, the firm owns 122,477 BTC, worth $5.6 billion at current prices.

Crypto lending is a booming business in the cryptocurrency world and a key part of the growing field of Defi. If a company like MicroStrategy, with Bitcoin on its balance sheet, lends its assets, it would add a new twist to the crypto market.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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