Michael Saylor: MicroStrategy will issue preferred stock to provide investors with leveraged Bitcoin investment

ChainCatcher news, MicroStrategy co-founder Michael Saylor recently stated at the Benchmark investor conference held in Orlando that the company's potential issuance of perpetual preferred stock would be "the latest means of providing investors with leveraged exposure to Bitcoin." He noted that the company's goal is to offer investors "returns and volatility equivalent to 1.5 times that of Bitcoin."

Saylor also mentioned that the controversial Staff Accounting Bulletin 121 (SAB 121) could be repealed in the first week of the Trump administration.