In order to make future Bitcoin purchases, MicroStrategy can get creative: CEO

[Cordillerabit]

MicroStrategy (MSTR) CEO Michael Saylor pledged Thursday to continue pouring the excess cash of the business intelligence company into bitcoin, telling investors that his team will also "explore different approaches" for additional purchases.

We continue to plan to hold our bitcoin and invest additional excess cash flows in Bitcoin to move forward. In addition, as part of our overall corporate strategy, we will explore different methods to acquire additional bitcoin," Saylor said in the quarterly filing of the company."

At present, the company is sitting on a trove of 70,784 bitcoins. While most of that was bought with excess cash, in a debt offering to buy even more Bitcoin, Saylor raised $650 million late last year.

 Saylor added that shareholders can expect the software firm to buy more bitcoin on the company's earnings call, noting that they will "continue to actively manage" their balance sheet. As a primary reserve asset, holding bitcoin and seeking to acquire more bitcoin are part of the corporate strategy, Saylor said.

Source: Bityard