MicroStrategy stands as one of the crypto space’s most notable names. The business intelligence firm had purchased $1 billion in Bitcoin last year, which has netted the firm gains by the tune of $135%. Now, however, the firm has decided to spread its knowledge outward, offering a webinar regarding corporate strategies for Bitcoin purchasing.
Two Straight Days Of Bootcamp
The seminar is scheduled for this week, and aims to explain the various legal considerations that firms must make regarding the integration of Bitcoin into both its reserves and businesses.
Micheal Saylor stands as the CEO of MicroStrategy, and gave out a tweet on the 3rd of February, 2021. This tweet stated that over 1,400 firms had sent their representatives to sign up for the event, which is now going by the title of “Bitcoin for Corporations: Legal Considerations.”
If you are interested in the legal considerations firms face while integrating #Bitcoin into their corporate strategy, you are not alone. We have professionals from more than 1400 firms joining us tomorrow for this discussion. There is still time for your legal team to attend. https://t.co/fid9nrZUfP
— Michael Saylor (@michael_saylor) February 2, 2021
The seminar itself will take place across two days: The 3rd of February will see five one-hour sessions be spread across it. The 4th of February will see ten sessions slated, but these sessions are only 30 minutes long.
The Finer Details
Day one of the Bootcamp will see Saylor offer a presentation alongside Phong Le, the CFO and President of the firm. Joining them will be various representatives of a new kind of legal firm: Those specializing in digital assets. In these presentations, topics such as BTC incorporation strategies within a company’s treasury reserves will be discussed. Other key questions will be brought up, as well, focusing on tax, accounting, auditing, and legal considerations for various firms opting to adopt the crypto reserve strategy.
Day 2 of this Bootcamp will have various presentations featured from a number of top crypto fund managers and crypto exchanges. Big names such as Binance, Coinbase, Galaxy Digital, and Grayscale will take part in these presentations.
MicroStrategy Making A Mark
MicroStrategy’s big claim to fame within the crypto space is thanks to its $250 million purchase of 21,000 in Bitcoin. Saylor quickly announced another purchase of 16,796 Bitcoin by the tune of $175 million. It should be noted that the firm purchased around 0.19 Bitcoin every three seconds to complete this transaction doing this over the span of 74 hours in order to achieve this.
Alongside more purchases, MicroStrategy managed to pay out $1,095 billion in order to purchase its Bitcoin holdings. However, the value of these assets saw a magnificent rise, going up 135% and turning its holdings into a hefty $2.57 billion.