September 26, 2021

MicroStrategy will pitch Bitcoin to 1,400 public companies: How will BTC price react?

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MicroStrategy, the $6.37 billion business intelligence conglomerate in the U.S., will meet with public companies on Feb. 4 to discuss Bitcoin (BTC).

Michael Saylor, the CEO of MicroStrategy, said that professionals from over 1,400 firms are joining the event.

“If you are interested in the legal considerations firms face while integrating Bitcoin into their corporate strategy, you are not alone,” Saylor wrote. “We have professionals from more than 1400 firms joining us tomorrow for this discussion.”

He also said that he has never seen so many CEOs sign up to attend one of our events, adding: 

“Every company can benefit from plugging into the Bitcoin Monetary Network.”

Why is MicroStrategy discussing Bitcoin with public companies?

Ever since MicroStrategy started to aggressively accumulate Bitcoin in the summer of 2020 as its main treasury asset, there has been a clear increase in institutional demand.

Bitcoin is becoming more compelling as a store of value and a safe haven asset, as the fear of inflation continues to intensify. The demand for Bitcoin has been evident in the rising inflows into Grayscale’s Bitcoin Trust and large Coinbase outflows,Title: MicroStrategy will pitch Bitcoin to 1,400 public companies: How will BTC price react?
Sourced From: cointelegraph.com/news/microstrategy-will-pitch-bitcoin-to-1-400-public-companies-how-will-btc-price-react
Published Date: Wed, 03 Feb 2021 14:00:00 +0000