Strategy Inc (MSTR) Discusses Digital Asset Monetary Spectrum and Bitcoin's Role as Money Transcript

Hello, everyone, and welcome. I'm Natalie Brunell, author of Bitcoin is for Everyone and host of the Coin Stories podcast. And I'm very happy to be back moderating Strategy's second, live investor Q&A. We're live today on X and YouTube, and over the next hour or so, we will get to as many of your questions as we can. They were submitted directly by retail and institutional investors through the company's official question form and on X. We received dozens and dozens of submissions covering a range of topics and my job today is simply to put those questions to the company's leaders and keep us moving so we can cover as much ground as possible. If you're watching live, you can continue submitting questions in the replies and my colleague, Alex Devani, will be looking out for new topics and angles that haven't already been covered by the submissions we received over the last week. And if you can't stay for the entire hour, don't worry, the full replay will be available on Strategy's platform along with mine. Now before I introduce our guests, a brief disclosure: some statements made during today's presentation regarding future expectations, plans and prospects may constitute forward-looking statements. Actual results may differ materially due to important factors, including fluctuations in the price of Bitcoin and the risks described in Strategy's SEC filings, including its quarterly report on Form 10-Q filed on August 3, 2026. This presentation is for informational purposes only. It is not an offer to sell or a solicitation of an