Quote from: JayJuanGee on October 17, 2021, 05:09:19 PM

Quote from: jaysabi on October 16, 2021, 10:48:38 PM

Quote from: fillippone on October 07, 2021, 10:16:23 PM

Quote from: JayJuanGee on October 07, 2021, 05:09:35 PM

I will concede that my point might come off as quibbling about a minor thing, but there is something specific and special about bitcoin that has lured Saylor into it.. and to cause his company to supplement its focus onto bitcoin, and maybe at some point, the company moves away from other aspects of its business, even though I believe that their software portion does remain quite profitable, but maybe even that part of their business ends up getting more intertwined with bitcoin, since Saylor surely does seem to appreciate the value in attempting to be creative in various ways to incorporate bitcoin into what he and his company is doing.....

Nah, Microstrategy was a dying company before Bitcoin.
And now it's a dying company holding a large chunk of coins.
As far as I know MSTR was a company with no profit, or even results or any type to justify their activity.

Now they are devoting all of their resources to service their bitcoin investment and knowledge, in order to make new commitments to the orange coins. The actual activity hds been degraded to ancillary to this business.

MSTR was profitable but revenues were declining prior to getting into bitcoin. While it certainly not healthy to have declining revenues for multiple years in a row, I wouldn't categorize them as being so bad that they were "dying." But they certainly weren't on the up and up, however severely you want to categorize that.

FY Revenue (thousands) Net Income (thousands)
2017 504,543 17,643
2018 497,638 22,501
2019 486,327 34,355
2020 480,735 -7,524

Over the four years prior to bitcoin, revenue dropped just under 5% but was dropping slowly and consistently. They definitely needed something to make them relevant, and Saylor very keenly recognized bitcoin was it.

It is nice to see the numbers juxtaposed to each other. I am a bit bothered by the way you characterize Saylor's getting into bitcoin as if it were some kind of desperate move - and really even if you are not completely inaccurate, the framing seems a bit dismissive of nuance.

Even Saylor has said several times that his position has evolved and he has gotten more and more bullish about bitcoin. In other words, he first came into bitcoin with a kind of defensive position not to lose value and he was learning along the way, and the longer he was in bitcoin the more and more bullish that he became about bitcoin.

Surely, to outsiders and no coiners, Saylor probably appeared as overly zealous bull right from the start, but I personally have no doubt to accept his representations that he became more and more bullish (and aggressive in the way that he invested into bitcoin) with the passage of time.

First of all, I want to thank you for correcting my wrong opinion @Jayjuangee and @Fillippone and without being supported by good data. After looking at the data presented by @Jaysabi, I just realized that there has been a continuous decline in opinion even if we graph the lowest decline in 2019. In terms of productivity, it means that 2019 is the lowest point MSTR generates revenue for the products/services they offer to the public. . Then when compared to Net Income which continues to increase, this increase must have a reason because if I only have that data, I am a little hesitant to conclude. I don't understand how to access MSTR's financial statements for free. Can someone tell me here? If based on the data, I think why the net income in 2020 is the lowest it could be because of the rising costs and if it is said that the net income is minus due to the purchase of BTC then the purchase or investment decision in their financial statement will be clearly stated.