MicroStrategy (MSTR), the software firm whose executive chairman is bitcoin maximalist Michael Saylor, reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentation focused on the world's leading crypto.
Calling itself "the world's first bitcoin development company," the firm in presentation slides said it is "committed to the continued development of the bitcoin network through our activities in the financial markets, advocacy, and technology innovation."
Among the arguments was that investors in MSTR have active control over the capital structure and that the company has the ability to innovate value as opposed to the ETFs, which simply hold the crypto asset.
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