Part 2/8:
Saylor emphasizes that MicroStrategy is fundamentally a Bitcoin treasury company, proudly managing approximately $35 billion worth of Bitcoin. He explains that the firm's revenue model is highly reliant on the volatility of Bitcoin, which they capitalize on through various financial instruments. By "selling the volatility" inherent in Bitcoin, they recycle profits back into their Bitcoin holdings, while simultaneously stripping away volatility and risk from fixed-income securities, effectively channeling it into their common stock.