Share this article
Michael Saylor Says Bitcoin ETFs Will Be the ‘Super Tanker’ for His MicroStrategy ‘Sports Car’
The software company now owns around $4.5 billion worth of bitcoin and is planning to buy more in the third quarter of this year.
Updated Aug 3, 2023, 4:14 p.m. Published Aug 3, 2023, 4:06 p.m.
- Michael Saylor said MicroStrategy will continue to be the top choice for investors looking to gain exposure to bitcoin even if a spot bitcoin exchange-traded fund (ETF) gets approved.
- He said an ETF would bring billions of dollars in investments into the market, which would profit companies like MicroStrategy, which have significant exposure to the cryptocurrency.
MicroStrategy (MSTR) chairman Michael Saylor said his software company would continue to be the go-to company for investors to gain exposure to bitcoin without directly buying it, even if a spot bitcoin exchange-traded fund (ETF) is rolled out.
If the regulators approve one of the nine currently open applications with the Securities and Exchange Commission (SEC), a spot ETF would pour billions of dollars in investments into the bitcoin market, Saylor said in an interview with Bloomberg TV on Wednesday. This would help companies like MicroStrategy, whose balance sheet holds a massive amount of bitcoin, he added.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
He likened the software company’s stock to a fast car investors can use to supercharge their bitcoin exposure, while an approved spot ETF will supply the fuel the market needs to keep prices elevated. "We are that sports car. The spot ETF will be that super tanker," he said. "We view it as really beneficial to the entire ecosystem."
Stocks such as MicroStrategy and crypto miners are highly correlated to the price of their digital assets in their balance sheets. Investors has historically used these stocks to gain exposure to digital assets without buying them directly from a crypto exchange.
MicroStrategy, a well-known bitcoin whale, owns around $4.5 billion bitcoin after purchasing another $341 million in the second quarter. It also announced that it may sell up to $750 million of stock to buy more bitcoin, among other things.
Since adopting its bitcoin strategy, which is to convert all of its earnings from its core software intelligence business into bitcoin, the company has generated a 254% return, outperforming the cryptocurrency, which has risen 145% since then, according to a research report from TD Cowen.
The shares of MicroStrategy have climbed about 170% this year, while bitcoin rose more than 70%.
Read more: Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
