fbpx
Skip to content Skip to sidebar Skip to footer

CEOs Maybe Switching From Cash To BTC

corporate bitcoin strategy

MicroStrategy Inc recently held their global World.Now conference. Unlike the usual conferences inundated with “sales-bias” agendas, the World.Now conference includes a very special and rarely seen topic of interest called “Bitcoin for Corporations”.

For those who are still in the dark on what and who is MicroStrategy, according to their website, MicroStrategy is the first publicly traded company to invest a significant chunk of their treasury assets in Bitcoin. As of this writing, MicroStrategy has more than US$1 billion worth of the bellwether cryptocurrency on its book. It even raised “cheap” debts to finance more Bitcoin purchase. Their famous CEO Michael Saylor has been a strong advocate of Bitcoin as an alternative store of value.

According to Michael Saylor during their World.Now conference, more than a thousand corporations have signed up for the session on Bitcoin legal considerations.

It is not surprising that many have turned out to hear the preeminent Bitcoin corporate advocate. Afterall, MicroStrategy is a large multi-billion dollar market cap company listed on NASDAQ. Ever since its entry into Bitcoin, it has seen its share price skyrocket from less than US$200 in November 2020 to more than US$700 as of today.

Many investors and funds are seeing MicroStrategy as a corporate chimera with its large exposure in Bitcoin. It serves as a pseudo-Bitcoin investment vehicle for them to get into a good business with anti-inflationary exposure.

There are many large and notable cryptocurrency exchanges attending the World.Now conference such as Binance, Coinbase and Kraken. Top regulated investment vehicles such as Fidelity and Grayscale are also present.

It seems that not only 2021 will be an institutional FOMO year, it may very well extend to the corporates. All they need is a playbook.

[ Read more: MicroStrategy’s Cryptocurrency Chimera ]

[ Read more: Investment Bank Morgan Stanley Purcahses 10.9% Stake in MicroStrategy ]

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us