MicroStrategy CEO’s view on Bitcoin’s potential attracts 6,900 companies

In the “Bitcoin for Corporations” program as part of MicroStrategy’s annual conference for analytics software, representatives from 6,917 different enterprises participated.

In total, 22,031 participants registered for the online MicroStrategy World 2021 conference, of whom 8,197 were interested in listening to MicroStrategy chief Michael Saylor’s talk on Bitcoin’s potential, how corporations can integrate it and what advantages they would gain.

Our @MicroStrategy World 2021 was a great success, with 22,031 registrants. The #Bitcoin for Corporations program attracted 8,197 attendees from 6,917 different enterprises. All sessions are free & uploaded here, along with our Bitcoin Corporate Playbook.https://t.co/8KKB7m0EvK

— Michael Saylor (@michael_saylor) February 6, 2021

During the event, attendees were also briefed on legal and financial aspects of Bitcoin, including taxation.

The conference took place February 3-4 in a live format, and Saylor described the response to “Bitcoin for Corporations” as “overwhelming”.

We are excited to host #Bitcoin for Corporations today. Response has been overwhelming, all sessions are live, and we will be covering material never before presented online. “Stuff I wish someone had told me a year ago.” https://t.co/BKcZUGDMvi

— Michael Saylor (@michael_saylor) February 3, 2021

All talks and materials are publicly available on the company’s сайте.

MicroStrategy became the first publicly traded company to move part of its capital into Bitcoin. In August 2018 the company bought 21,454 BTC. In the following month the firm added another 16,796 BTC to its reserves in the cryptocurrency.

After these deals Saylor valued the company’s Bitcoin holdings at $425 million, including fees and expenses. At the time of writing these 38,250 BTC were worth $1.48 billion.

The company continued investing in digital gold — the largest purchase was 29,646 BTC in December for $650 million, which the company raised through debt financing.

Since August 2020, MicroStrategy’s shares have risen from $123 to $806, and market capitalization approached $7.5 billion.

In January, Michael Saylor said the company will continue to invest free cash flow in Bitcoin and would consider other opportunities to invest in the leading cryptocurrency.

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