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MicroStrategy Considers Bitcoin Futures as Part of Crypto Strategy

February 8, 2023
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MicroStrategy co-founder and executive chairman Michael Saylor said the firm may at some point consider foraying into CME Group’s bitcoin futures contracts to generate income.

Saylor said that in the past, MicroStrategy considered, but ultimately decided not to lend Bitcoin through other companies; “In the future, we will always consider forward rates, and we may find a way to generate income in this way.” Saylor also said that he does not intend to separate MicroStrategy’s enterprise software and bitcoin businesses because the two are integrated.

According to the news on February 3, MicroStrategy’s Bitcoin impairment charges in the fourth quarter of 2022 amounted to US$197.6 million. As of the end of 2022, MicroStrategy’s total bitcoin holdings have increased to 132,500, worth $1.8 billion; the company’s cumulative impairment losses on bitcoin holdings have reached $2.2 billion.

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