MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings

MicroStrategy’s Saylor Lays Out Ways Firm Could Generate Yield From Its Massive Bitcoin Holdings
MicroStrategy (MSTR) officials outlined some potential ways the company could generate yield from its enormous holdings of bitcoin during a virtual investor day Thursday.MicroStrategy, which makes business analytics software but whose market cap largely reflects its bitcoin holdings, owned 122,478 bitcoin as of Dec. 10, according to the company’s presentation. Those bitcoin were purchased since the third quarter of last year for roughly $3.7 billion in total, and are now worth roughly $5.8 billion.To generate income from its bitcoin, MicroStrategy could lend some portion of it to a “trustworthy counterparty,” CEO Michael Saylor said.The company could also put its bitcoin…