MicroStrategy Shares Plans to Become a Bitcoin Developer
According to its founder Michael Saylor, MicroStrategy strives to position itself as a developer of Bitcoin and related products.
The company’s main focus has always been on creating and supporting analytics software. In terms of shareholder value, MicroStrategy plans to leverage its Bitcoin reserves and develop digital gold products and a community.
This includes issuing new shares, increasing debt, and using funds to support digital gold initiatives and software development in areas such as business intelligence, artificial intelligence, and cloud computing, as well as utilizing Bitcoin and the Lightning Network.
Saylor explained that the company’s goal is to maximize profits for shareholders by developing and investing in the first cryptocurrency network. He also compared MicroStrategy’s activities to a spot exchange-traded fund centered around Bitcoin, based on various criteria.