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Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. Lastly, bitcoins purchased through excess cash from the software business are also held at MicroStrategy, the parent entity, and also collateralized our 2028 senior secured notes.
I spent some time in California a few weeks ago visiting the Prospect and Pipeline management teams and a few of the respective hospitals. Let me start with Prospect. Prospect California continues to perform in line with our expectations. Some of you may have seen that late last week, Prospect was hit with a ransomware attack.
The valuations involve complex calculations that include analyzing a company’s current metrics and future potential to make a sound investment decision. There are various methods for valuing a privatecompany , such as: Market Analysis PE firms assess the competitive landscape of the company’s industry.
Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward-looking statements. And what does the company do? It prospects and drills. And what is the company worth? I will be your moderator for MicroStrategy's 2024 third-quarter earnings webinar.
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. The Bitcoin we acquired using proceeds from our convertible notes offering in Q2 are held at MicroStrategy, the parent, and serve as collateral securing our 2028 senior secured notes.
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