MicroStrategy CEO proposes new way to buy more BTC

time:2022-02-04 06:00 source:Internet

MicroStrategy CEO Michael Saylor has touted the company's stock MSTR as a better alternative to other exchange-traded vehicles exposed to bitcoin, and he's considering alternative ways to increase the amount of bitcoin on his balance sheet. Saylor said the company will continue to buy bitcoin as part of its strategy. It executed recent purchases using free cash flow, rather than issuing debt or equity as it has done in the past. The company generated $90 million in cash flow this year, which Thaler said will also be used to pay down debt. The rest will go into Bitcoin, he said. But the company is also considering alternative ways to buy future large sums of bitcoin.

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