MicroStrategy to Become a Bitcoin Developer

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The founder of MicroStrategy, Michael Saylor, has stated that the company will focus on developing Bitcoin and products based on it, among other things.

Despite its founding focus on analytics software, the company’s shareholder value will now be based on its Bitcoin reserves and the development of digital gold products and community.

The company plans to attract resources through issuing new shares, increasing debt, and utilizing generated funds.

Additionally, they will support digital gold and develop software in areas such as Business Intelligence, Artificial Intelligence, cloud computing, Bitcoin, and the Lightning Network. Saylor explained that the company’s goal is to develop the first cryptocurrency network, acquire as many coins as possible, and maximize shareholder profits.

He compared MicroStrategy’s activities to a spot exchange-traded fund for Bitcoin based on several criteria.

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