In the company MicroStrategy, they emphasized their advantages over spot bitcoin ETFs, criticizing the latter for lacking some key advantages that MicroStrategy possesses. It was noted that despite the company's stock price falling by 25% since the beginning of the year, bitcoin maintained its value at around $44,000, highlighting MicroStrategy's unique advantages as a digital asset investment tool over recently approved spot bitcoin ETFs in the US.

MicroStrategy, owning the largest amount of bitcoin assets among all companies worldwide, highlights the absence of management fees and the ability to generate income from its core activities as key differences from ETFs. The company also emphasizes its ability to use cash flows and revenues to accumulate bitcoin, which serves as its primary reserve asset.

As of February 5th, MicroStrategy owned 190,000 bitcoins, purchased for $5.9 billion, with a market capitalization of bitcoin assets at $8.5 billion. In 2023, the company acquired 56,650 bitcoins for $1.9 billion. While Grayscale's spot bitcoin ETF manages assets worth $20 billion, it lost nearly $10 billion in the last month, primarily due to new ETFs with lower fees.

However, some experts disagree with MicroStrategy's arguments, pointing out significant differences in the company's profile from spot bitcoin ETFs, including risks associated with the decisive role of Michael Saylor and the use of leverage.