Get a chairman now of MicroStrategy.
He's Michael Sala, joins me.
So Michael, once again, they came to dunk on you, my man.
I mean, there was some great memes, some great videos.
I'm sure you saw some of them.
But looking at the action today, it looks like maybe you're
the one dunking on them.
What could through the quarter?
I mean, the headlines were brutal.
Yeah, thanks, Charles.
First of all, it's a non-gap impairment charge.
And so it makes for a colorful headline,
but our shareholders, the officers and the directors
of the company and our customers look through it all.
What happened in the quarter is, if you look at the big picture
and consider the metric really matters,
which is shareholder returns, MicroStrategy
is now at the two-year point in its Bitcoin strategy.
And after two years of exercising our strategy,
our stocks up 123% Bitcoin's up 94%.
We have outperformed every major asset class,
all big tech stocks, all enterprise software stocks.
Google's up 54%, Oracle's up 42%.
Bond's silver, gold, Amazon, Facebook, Netflix,
CRM and SAP are all down for this period.
So we turn in good results for our shareholders.
We're doing it on the backs of volatility.
And the volatility means Bitcoin price change
all the time and the indefinite accounting treatment
makes some of our gap financials look a bit ugly.
But the number one thing to keep in mind is,
we started this journey two years ago
with an enterprise value of $666 million.
We have added $5 billion to that number.
We're up to five and a half or more
to a billion dollars enterprise value.
It's up 730% in 24 months.
No strategy could have done that,
other than a Bitcoin strategy.
So safe to say that rumors that the board
is looking to get you out of the company
might be just a little bit exaggerated.
Let me ask you about this crypto bill in Congress
in the Senate, the bipartisan backing.
And more, how important is it that ultimately,
there are some sort of rules to the road.
Almost every other day that some kind of negative headline,
not with you or a Bitcoin per se,
but that universe is like the Wild West.
All the large institutional investors, the large banks,
they all want to get involved in the asset class
and they want regulatory clarity.
Guys like Ken Griffin had said it loud and clear,
Fidelity wants it, Goldman Sachs wants it,
JP Morgan wants it.
So I don't know how the regulatory back and forth ends
and which of the bills in Congress
end up taking hold and what kind of compromise will take place.
But what I do know is that everybody is catalyzed,
they're all engaged in putting together
a clear regulatory regime and it's going to be good for Bitcoin
and it's going to be good for institutional investors.
I got a minute to go.
I want to give you the last word on the haters
who prematurely dancing a grave last night.
First of all, I'm still here.
Second of all, people forget I'm the principal
and controlling shareholder of microstraties.
I have to be sure we need 33 years right since the inception.
Yeah, it's all it's my idea.
I wanted to do this.
Fong is a really great operating executive
and he'll be even better as president and CEO.
The company has added $5 billion in assets
to the balance sheet and we needed a new full-time CFO
and Andrew Kang has arrived to do that job.
I get to step up to the executive chairman role
and I'm out there advocating for Bitcoin
and the hundreds of millions of people
that needed everywhere in the world.
And together the team is stronger.
We're full speed ahead.
All right.
Michael, I know you got a lot of nicknames
but chocolate thunder's out there
since it looks like you don't want
dunkin' out over everybody else if you want that one.
Thanks a lot.
Appreciate it.
Thanks for having me, Charles.