{"id":565639,"date":"2021-02-07T11:31:25","date_gmt":"2021-02-07T08:31:25","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565639"},"modified":"2021-02-07T13:19:23","modified_gmt":"2021-02-07T10:19:23","slug":"microstrategys-bitcoin-for-corporations-attracted-8197-attendees","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/microstrategys-bitcoin-for-corporations-attracted-8197-attendees\/","title":{"rendered":"Microstrategy&#8217;s &#8216;Bitcoin for Corporations&#8217; Attracted 8,197 Attendees"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Microstrategy held a conference to share their Bitcoin playbook with other global companies<\/strong><\/li>\n<li><strong>The event attracted 8,197 attendees from 6,917 enterprises<\/strong><\/li>\n<li><strong>All sessions of the conference, including Microstrategy&#8217;s Bitcoin playbook, are available for free online<\/strong><\/li>\n<li><strong>MicroStrategy&#8217;s stock price continues to flourish as a result of adding Bitcoin to its treasury<\/strong><\/li>\n<\/ul>\n<p>On the 3rd and 4th of February this week, <a href=\"https:\/\/en.ethereumworldnews.com\/btc-analyst-square-microstrategy-buying-btc-is-a-tip-of-the-iceberg\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Microstrategy<\/a> held their annual user conference which included the &#8216;Bitcoin for Corporations&#8217; program spearheaded by the company&#8217;s CEO, <a href=\"https:\/\/en.ethereumworldnews.com\/the-bitcoin-dragon-will-eat-the-kingdom-of-gold-microstrategy-ceo\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Michael Saylor<\/a>. According to Mr. Saylor, the Bitcoin program attracted 8,197 attendees from 6,917 different enterprises. Mr. Saylor shared the statistics of the event via the following statement.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Our <\/span>@MicroStrategy<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0World 2021 was a great success, with 22,031 registrants. The <\/span><span class=\"r-18u37iz\">#Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> for Corporations program attracted 8,197 attendees from 6,917 different enterprises. All sessions are free &amp; uploaded here, along with our Bitcoin Corporate Playbook.<\/span><\/p><\/blockquote>\n<h2>SpaceX Attended Microstragy&#8217;s Bitcoin Event<\/h2>\n<p>As mentioned by Mr. Saylor, all sessions are free including Microstrategy&#8217;s Bitcoin corporate playbook that can be accessed via <a href=\"https:\/\/www.microstrategy.com\/en\/resources\/events\/world-2021\/on-demand\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">this link<\/a>.<\/p>\n<p>Amongst the attendees was SpaceX as highlighted by the team at @DocumentingBTC via the following tweet. Attendance by the space exploration company confirms that <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-is-my-safe-word-just-kidding-elon-musk\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Elon Musk<\/a> is indeed interested in adding Bitcoin to its treasuries.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SpaceX attended Microstrategy&#39;s <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> conference. <a href=\"https:\/\/t.co\/vCThqFGEHe\" rel=\"nofollow\">pic.twitter.com\/vCThqFGEHe<\/a><\/p>\n<p>&mdash; Documenting Bitcoin \ud83d\udcc4 (@DocumentingBTC) <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1357128537715724290?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Institutions Continue Accumulating Bitcoin<\/h2>\n<p>Also this week, Mr. Saylor shared an estimate made by Ross Stevens in which he forecasted that his firm &#8211; NYDIG &#8211; will manage $25 Billion in Bitcoin by the end of the year. Mr. Steven&#8217;s comments can <a href=\"https:\/\/twitter.com\/Bloqport\/status\/1358055126129377280\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">be found below<\/a>.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">A year ago we had 25 institutional clients\u2026 today 280. By the end of year, I\u2019m confident we\u2019ll have over $25 billion of <\/span><span class=\"r-18u37iz\">#Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">. I\u2019ve just got this order book, I\u2019m not guessing, I see what\u2019s happening.<\/span><\/p><\/blockquote>\n<p>This estimate might be a conservative one given that private and publicly traded companies now own 1,265,460 BTC according to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">BitcoinTreasuries.org<\/a>. This translates to roughly $49.859 Billion using Bitcoin&#8217;s current value of $39,400. Chances are, that more companies will want in on the action.<\/p>\n<p>At the core of the Bitcoin accumulation are the two companies of Microstrategy and <a href=\"https:\/\/en.ethereumworldnews.com\/grayscale-purchases-32710-bitcoin-in-1-week-8762-btc-in-24-hrs\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Grayscale<\/a> who now hold 71,079 BTC and 649,130 BTC respectively.<\/p>\n<h2>Microstrategy Has Prospered Since Being Downgraded by CitiGroup<\/h2>\n<p>To note is that <a href=\"https:\/\/seekingalpha.com\/news\/3642471-microstrategy-shares-slide-5_5-after-citi-downgrade-on-disproportionate-bitcoin-focus\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">CitiGroup downgraded<\/a> Microstrategy to a &#8216;sell&#8217; rating on the 8th of December last year as a result of the company offering $400 million of convertible senior notes to purchase more Bitcoin. However, MicroStrategy&#8217;s stock performance has continued <a href=\"https:\/\/en.ethereumworldnews.com\/microstrategys-stock-price-up-339-since-adding-btc-to-its-treasury\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">on an upward trajectory<\/a> despite the &#8216;negative&#8217; feedback by CitiGroup.<\/p>\n<p>This fact has been highlighted by the team at Ecoinometrics via <a href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1357675348721164288\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following statement<\/a> and chart.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">MicroStrategy Performance Feb, 04, 2021 <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Since the start of its <\/span><span class=\"r-18u37iz\">#Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> treasury program: <\/span><\/p>\n<p><span class=\"r-18u37iz\">MSTR<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> +468%<\/span><\/p>\n<p><span class=\"r-18u37iz\">BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> +224% <\/span><\/p>\n<p><span class=\"r-18u37iz\">NASDAQ<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> +24.7%<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th.jpg\"><img class=\"aligncenter size-large wp-image-565641\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-1024x685.jpg\" alt=\"\" width=\"1024\" height=\"685\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-1024x685.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-300x201.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-770x515.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-1536x1027.jpg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-500x334.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-317x211.jpg 317w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-240x161.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-717x479.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th-1347x901.jpg 1347w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/MSTR-Feb-7th.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Microstrategy held a conference to share their Bitcoin playbook with other global companies The event attracted 8,197 attendees from 6,917 enterprises All sessions of the conference, including Microstrategy&#8217;s Bitcoin playbook, are available for free online MicroStrategy&#8217;s stock price continues to flourish as a result of adding Bitcoin to its treasury On the 3rd and 4th of February this week, Microstrategy held their annual user conference which included the &#8216;Bitcoin for Corporations&#8217; program spearheaded by the company&#8217;s CEO, Michael [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[1233,7937,108189,108185],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565639"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565639"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561414"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}