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MicroStrategy is holding a virtual conference for CEOs and executives today and tomorrow to explain how companies can invest in Bitcoin.
The firm’s chief executive, Michael Saylor, says the number of sign-ups for the event reveals there is huge corporate interest in the leading cryptocurrency.
“I have never seen so many CEOs sign up to attend one of our events. Send yours, or come join our sessions and report back to your team. Every company can benefit from plugging into the #Bitcoin Monetary Network.”
MicroStrategy is hosting the event following its most recent Bitcoin purchase. In a new filing with the U.S. Securities and Exchange Commission (SEC), the business intelligence company says it bought 295 BTC for $10 million on February 2nd. The firm also purchased 314 BTC in January, which brings its total Bitcoin hoard to 71,079 BTC.
The company has invested $1.145 billion in BTC to date. It acquired its Bitcoin stash for about $16,109 per coin, inclusive of fees and expenses.
MicroStrategy is the first publicly-traded company to allocate a significant portion of its treasury to Bitcoin. In its fourth-quarter 2020 financial report, the firm said its BTC purchases will likely continue.
“Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. Additionally, we will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy.”
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The post Michael Saylor Reveals Huge Corporate Interest in Bitcoin As Corporate Crypto Conference Begins appeared first on The Daily Hodl.
