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MicroStrategy Confident in Bitcoin Strategy Despite Potential ETF Approvals

MicroStrategy co-founder Michael Saylor is confident that his company will remain an attractive option for investors looking to gain exposure to Bitcoin, even if a spot Bitcoin ETF is approved in the future. Saylor stated that MicroStrategy will continue to add more Bitcoin to its balance sheet, potentially using the proceeds from a planned $750 million share sale.

He believes that MicroStrategy's operating strategy, which includes leveraged investments to generate yields for shareholders, sets it apart from a spot Bitcoin ETF. However, Saylor also sees the potential for spot Bitcoin ETFs to bring in large hedge funds and sovereigns, ultimately benefiting the entire asset class.

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