Today marks the annual Bitcoin for Corporations event, which will explore the various benefits of deploying Bitcoin for various corporate initiatives, strategic planning, and enterprise treasuries. This annual event is sponsored by Bitcoin maximalist and CEO of MicroStrategy, Michael Saylor. Saylor has been one of the most ardent supporters of the first crypto, and his company has the largest stake in Bitcoin than any other commercial organization on the planet.
In regulatory filings with the U.S. Securities and Exchange Commission in December, MicroStrategy announced that it had purchased 1,434 more Bitcoin for $57,477 with a total price tag of $82.4 million.
In a follow-up tweet to his 1.9 million followers, Saylor stated that the company’s total holdings of Bitcoin exceeded 122,478 coins. That is more than three times the number of Bitcoin held by the next closest corporate investor – Tesla (NASDAQ:TSLA) – which reportedly has 38,300 Bitcoin on its balance sheet.
“We have gained a wealth of experience and expertise innovating our treasury strategy and evolving our corporate bitcoin acquisition strategy,” said Saylor in the company’s announcement of the event. “And we’re pleased to be in a position to share our knowledge—via this curated event—for corporations looking to pursue similar strategies and bold initiatives.” The company announcement went on to state that how organizations choose to leverage analytics and Bitcoin in 2022 will define their future success for decades to come. Attendees of the virtual event will leave more informed on the critical elements of forward-thinking analytics and bitcoin strategies, more knowledgeable of the tools and methodologies to get started, and more familiar with strategic vendors in the marketplace.
The Bitcoin for Corporations event begins on Tuesday February 1, 2022 at 12 noon ET with an in-depth discussion on Bitcoin between Jack Dorsey, CEO of Block, Inc., and Michael Saylor, CEO of MicroStrategy Inc. The event is free and open to the public by pre-registering here.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.