Published
3 years ago on
January 23, 2021
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MicroStrategy CEO and Bitcoin bull Michael Saylor went on CNN to talk about Bitcoin and the Bitcoin educational conference that the company will be hosting this February. Regarding the interview, Saylor tweeted:
“Today, I had a good discussion with @MorganLBrennan & @GuyAdami about the maturation of #Bitcoin as an asset class, the acceleration of #BTC adoption by institutions, & the advantages corporations are gaining as they join the #Bitcoin monetary network.”
During the interview, Saylor explained his bullishness by saying that cryptocurrency could replace gold, bonds, the S&P 500, and even the Dow as the primary monetary index.
MicroStrategy Conference Coming This February
On January 12, Saylor took to Twitter to announce the February Bitcoin conference:
"On Feb 3 & 4, @MicroStrategy will host Bitcoin for Corporations. Join our officers, industry luminaries & strategic vendors for a free, online, accelerated course in #Bitcoin strategy & tactics to grow your company & create shareholder value."
The first block will occur around February 3 and will be mostly presented by Saylor and Stoneridge founder and CEO – Ross Stevens. They will talk about how BTC could potentially work as a treasury reserve asset and the macroeconomic factors behind its corporate and institutional adoption.
Later on, during the online stage, MicroStrategy’s President and CFO Phong Le will provide an overview of different ways corporations can integrate Bitcoin into their treasury reserve strategies. The other topics of discussion will include legal and regulatory concerns, accounting, taxation, and audit.
On February 4, other crypto-related companies that support the initiative will be releasing their presentations – Fidelity Digital Asset Services, Galaxy Digital, Coinbase, Binance, Kraken, Grayscale, Gemini, and Genesis.
MicroStrategy Keeps Making Headlines
It looks like MicroStrategy can’t stop dominating the headlines. Yesterday, CEO Michael Saylor announced that the company had added another $10 million in BTC to their portfolio on Twitter. This takes their overall Bitcoin holdings to 70,784.
“MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin. We now hold approximately 70,784 bitcoins.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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