Understand MSTR MicroStrategy's Bitcoin Strategy in One Article
Compared to the BTC ETFs or other Spot Bitcoin ETPs launched by companies like BlackRock, MicroStrategy's Bitcoin strategy is more aggressive. It purchases Bitcoin through financing methods such as using the company's idle funds, issuing convertible bonds, and increasing share issuance, allowing the company to capture the potential gains from Bitcoin's rise while also bearing the potential risks of Bitcoin's decline, whereas ETFs/ETPs focus more on price tracking.