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MICHAEL SAYLOR EXPLAINS HOW HE COULD GENERATE INCOME FROM HIS BITCOIN HOLDINGS!


 

The founder and CEO of Microstrategy, Michael Saylor, has amassed a massive inventory of Bitcoin with his company, which at the time of writing is valued at over $ 5 billion. Now he has made the first indications of how the deposits could be used to generate income in the future.


Michael Saylor's Bitcoin holdings


With a total of 122,478 Bitcoin, Microstrategy is the publicly traded company that holds the most Bitcoin in the world. Just a few days ago, on December 9, 2021, Michael Saylor announced another purchase of digital gold on Twitter.


MicroStrategy purchased an additional 1,434 bitcoins for $ 82.4 million in cash at an average price of $ 57,477 per bitcoin. As of December 9, 2021, we purchased 122,478 bitcoins for $ 3.66 billion at an average price of $ 29,861 per bitcoin.


Now, in a conference call with investors on Thursday of this week, the first indications of generating income from the Bitcoin holdings were made. Saylor stated that lending the Bitcoin to a trustworthy counterparty could be a possible strategy in the next few years. The focus is on the crypto lending market.



Bitcoin income

Thanks to a rapidly growing area for decentralized applications (DeFi), lending in the crypto sector also experienced strong growth. Many banks have already jumped on the bandwagon, others are now starting the first pilot projects to gain experience. Michael Saylor's bitcoins could therefore become very interesting for a credit institution in the next few years.


The advantage of lending with Bitcoin is trust. Because due to the long existence of the oldest crypto currency, trust is very high. Therefore, in the future, banks could use Michael Saylor's deposits to make loans cheaper. In this case, the Bitcoin would be subject to a mortgage.


Partnership with a tech company or banking institution


Another way to generate income from the Bitcoin holdings would be to partner with a tech company or banking institution. Some of Michael Saylor's bitcoins could be invested here. With these open considerations, many ideas about integrating Bitcoin and other cryptocurrencies into payment transactions become real.

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