1,400 sign up for MicroStrategy's corporate Bitcoin-buying bootcamp

1,400 sign upwardly for MicroStrategy's corporate Bitcoin-buying bootcamp

MicroStrategy, the business organization intelligence firm that has enjoyed 135% gains on the $1 billion in BTC information technology purchased last yr, is hosting a webinar on corporate Bitcoin strategy.

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Leading global business intelligence business firm MicroStrategy is hosting an online seminar this week to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves.

A February. 3 tweet from MicroStrategy CEO, Michael Saylor, said that representatives of more than 1,400 firms have already signed up for the event — which is dubbed "Bitcoin for Corporations: Legal Considerations."

If yous are interested in the legal considerations firms face while integrating #Bitcoin into their corporate strategy, you lot are non alone. Nosotros accept professionals from more than than 1400 firms joining united states of america tomorrow for this word. There is still time for your legal team to attend. https://t.co/fid9nrZUfP
— Michael Saylor (@michael_saylor) February 2, 2021

The seminar volition have place on Feb. iii and Feb. 4, with five one-hr sessions scheduled for the first solar day, and twice every bit many 30-minute sessions slated for the second.

The first solar day will feature presentations from Saylor, the firm's president and CFO Phong Le, along with representatives of legal firms specializing in digital avails. The topics discussed will include strategies for incorporating Bitcoin into treasury reserves and related questions regarding the accounting, tax, legal, and auditing considerations for firms who pursue this strategy.

The 2nd twenty-four hours volition feature presentations from meridian crypto exchanges and fund managers, including Coinbase, Binance, Grayscale, and Milky way Digital.

In Baronial, MicroStrategy made headlines after revealing information technology had purchased 21,000 BTC for $250 million. The post-obit calendar month, Saylor announced the firm had purchased an additional sixteen,796 Bitcoin for $175 million, with the firm continuously purchasing roughly 0.19 BTC every three seconds over 74 hours to complete the transaction.

In Dec, MicroStrategy issued $650 1000000 worth of bonds which were speedily mobilized to purchase 29,646 BTC. The firm purchased an boosted 314 Bitcoin for $10 million in late January, and a farther 295 BTC for $10 1000000 this week, bringing its Bitcoin reserves up to 71,079 BTC, or 0.38% of Bitcoin's circulating supply.

While MicroStrategy paid $one.095 billion to accumulate its BTC holdings, current prices value the stash at $2.57 billion — a gain of 135%.

Despite the firm's rampant Bitcoin accumulation leading to its shares beingness downgraded by Citigroup on Dec. 8, its stock has since rallied past 113%.