Say it isn’t so! Apparently, MicroStrategy ‘s Michael Saylor is considering lending the company’s Bitcoin. On a corporate level, that makes all the sense in the world. As a Bitcoiner, it doesn’t. So, if MicroStrategy decides to do it, the world will know where Saylor’s loyalties lie. And, this should surprise no one. Saylor has been dropping hints that he intends to do this for a while now. Related Reading | Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors This all happened, “Thursday on the company’s investor day call with shareholders,” Bloomberg informs. What Did Saylor Say In MicroStrategy ‘s Call? His exact words were: “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. That could become a good source of income for us, or we could develop it with some kind of interesting applications.” So, they’re still thinking about it and there are a few options on the table. And, even if they choose to lend the Bitcoin for yield, there are infinite possibilities there. What does “a trustworthy counterparty” mean? Is it just a company that can guarantee yield, custody, and return of their BTC? Or are they talking about a company that’ll use that Bitcoin in an ethical way and not short their own investment? That’s one of the mai...
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