The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more.
The company’s founder and CEO, Michael Saylor, announced the initiative on his Twitter account and advertised it as a “free, online, accelerated course in Bitcoin strategy and tactics to grow your company and create shareholder value.”
The first block will take place on February 3rd. It will cover a review of how BTC could serve as a treasury reserve asset and which macroeconomic factors are behind its corporate and institutional adoption. The presenters of this part will be Saylor and Stoneridge founder and CEO – Ross Stevens.
Later on, the online stage will take MicroStrategy’s President and CFO Phong Le to provide an overview of different ways corporations can integrate Bitcoin into their treasury reserve strategies.
Other topics will include legal and regulatory considerations and accounting, taxation, and audit.
MicroStrategy, which made BTC its primary treasury reserve asset last year, will also reveal documentation and information that it used to implement this strategy.
The cryptocurrency-related companies that will support the initiative will release their presentations on the second day – February 4th. Some of the names include Fidelity Digital Asset Services, Galaxy Digital, Coinbase, Binance, Kraken, Grayscale, Gemini, and Genesis.
Ever since the NASDAQ-listed firm announced its first BTC purchase in August 2020, the company has continuously doubled-down on its endeavors. Apart from allocating over $1 billion in the cryptocurrency over the course of several months, MicroStrategy also became a full node on the Bitcoin network.
Michael Saylor, on the other hand, became one of the most vocal BTC advocates. The executive went from doubting if bitcoin will continue existing in 2013 to promoting the cryptocurrency to other prominent entrepreneurs, including Tesla’s Elon Musk.
Additionally, Saylor has revealed that he has a personal stash of 17,732 bitcoins. Ultimately, he and the company that he runs own 88,202 coins in total. This represents 0.42% of all bitcoins ever to exist.