The core of MicroStrategy $MSTR's strategy is to maximize its Bitcoin holdings by issuing debt and stocks, thereby increasing shareholder value.

Unlike the profit model of traditional companies, MicroStrategy does not simply rely on increasing earnings to increase corporate valuations, but is based on Bitcoin as a potential value-added asset, aiming to obtain more Bitcoin through low-cost financing for long-term profits. Specifically reflected in several aspects:

Shareholder value maximization goal: Traditional companies increase shareholder value through profitability (for example, through indicators such as price-to-earnings ratio P/E ratio or earnings per share EPS). But the core goal of MicroStrategy is to increase shareholder wealth by increasing the number of Bitcoins it holds.