"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.

"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.

Ripple CEO Brad Garlinghouse criticizes Strategy's Michael Saylor as STRC preferred stock trades 26% below its $100 par value, raising dividend