As a seasoned researcher who has spent years observing and analyzing the dynamic world of finance and technology, I find MicroStrategy’s latest move to be an intriguing step forward in the Bitcoin revolution. The creation of a Bitcoin Advocacy Manager role speaks volumes about the company’s commitment to Bitcoin and its strategic vision.
MicroStrategy, a business intelligence and software firm, aims to strengthen its Bitcoin (BTC) investment approach by creating a new role: a Bitcoin Advocacy Manager. This position is now open for application on LinkedIn.
The Bitcoin Advocacy Manager Role
The role that Michael Saylor’s company aims to hire is its inaugural Bitcoin-centric position. The selected candidate will be based at MicroStrategy’s U.S. headquarters and will oversee a team in organizing and executing the yearly “Bitcoin for Businesses” conference as the Advocacy Manager.
The Bitcoin Advocacy Manager’s role goes beyond just promoting Bitcoin; it involves both internal and external education aimed at encouraging corporations to adopt Bitcoin (BTC). Additionally, he will establish a community interaction center for Bitcoin in Washington, D.C., as part of his responsibilities. Ultimately, his work focuses on advocating for initiatives that bolster MicroStrategy’s position as a leader within the cryptocurrency ecosystem.
MicroStrategy emphasized that this role is pivotal to determining their future approach towards Bitcoin. They initiated this direction in 2020 and have since continued at a steady pace with regular Bitcoin purchases. Their latest investment was approximately $458.2 million for approximately 7,420 Bitcoins.
The company bought Bitcoins valued at approximately $9.9 billion following MicroStrategy’s successful private offering of $1.01 billion in Convertible Senior Notes, as reported by September records. At that time, the firm owned around 252,220 Bitcoins, with each Bitcoin costing an average of $39,266.
Currently, Bitcoin (BTC) is being traded at approximately $62,067.11. This means that MicroStrategy’s total holdings are valued at around $15.6 billion.
Asian MicroStrategy Joins “Bitcoin for Corporations” Conference
MicroStrategy’s “Bitcoin for Corporations” gathering gathers business leaders, finance professionals, and tech pioneers to explore the potential future role of Bitcoin within corporations. The talks at this event primarily focus on Bitcoin’s anticipated impact in the corporate sector.
In July, Metaplanet, a Japanese company, revealed they were joining the Bitcoin For Corporations initiative. This firm based in Asia is strongly supportive of Bitcoin, so their decision to join reflects their inclination. Similar to MicroStrategy, Metaplanet has made multiple Bitcoin acquisitions this year.
Even though Metaplanet only initiated its Bitcoin acquisition plan in May, it has already amassed over 500 Bitcoins. Recently, they announced the purchase of 107 Bitcoins. This indicates that as more companies attend the MicroStrategy “Bitcoin for Corporations” conference, there might be a rise in the number of corporations adopting a consistent Bitcoin strategy.
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2024-10-05 21:11