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Michael Saylor reaffirms dedication to bitcoin and quantum security during Q4 earnings call.
Key points:
- The strategy intends to launch a Bitcoin security initiative, indicating a more structured approach to collaborating with the global cyber, crypto, and bitcoin security sectors.
- The strategy views quantum computing as a long-term concern rather than an immediate issue.
- Shares increased by 5% in pre-market trading, following a 17% drop on Thursday.
Quantum computing is transitioning from a theoretical concept to a long-term strategic issue, and Strategy (MSTR) has emphasized its desire to adopt a proactive stance during the company’s Q4 earnings call on Thursday.
As the largest corporate bitcoin holder, Strategy plans to establish a bitcoin security program aimed at collaborating with the international cyber, crypto, and bitcoin security communities.
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The company discussed the increasing discourse surrounding quantum risk and reiterated its dedication to bitcoin security, characterizing quantum as a future engineering obstacle rather than an urgent threat that the network can prepare for.
Strategy reported a quarterly net loss of $12.4 billion. Shares dropped 17% during the day, falling to as low as $104, but attention soon shifted to executive chairman Michael Saylor’s remarks.
Saylor revisited a lengthy history of Bitcoin FUD (fear, uncertainty, and doubt) that the network has previously navigated concerning quantum issues, while recognizing that quantum merits serious long-term planning.
The company highlighted several crucial aspects regarding quantum computing, predicting that advancements in quantum technology are likely over a decade away and noting that the Bitcoin community is already investigating quantum-resistant cryptography.
Shares have risen by 6% in pre-market trading as bitcoin has bounced back to $65,000.
MSTR Earnings call (MSTR)
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