Crypto Mission
@cryptomission
š“ MicroStrategy ETFs with leverage surpass $400 million š„ Competition among asset managers has intensified, with Eric Balchunas from Bloomberg calling it a "hot sauce arms race" as they offer increasingly higher leverage. š MicroStrategy has effectively become a crypto hedge fund since its founder, Michael Saylor, began investing company funds in $BTC in 2020. šø MicroStrategy also announced plans to issue $700 million in debt, partly to purchase more BTC, which increases both exposure and risk for investors.
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