MicroStrategy to Boost Bitcoin Adoption with New Job Opening
Business intelligence and software company MicroStrategy plans to advance its Bitcoin (BTC) acquisition strategy with a new position it plans to fill. The firm has put out a vacancy on LinkedIn to hire a Bitcoin Advocacy Manager.
The Bitcoin Advocacy Manager Role
The particular position that the Michael Saylor-led firm intends to fill is one of its first Bitcoin-focused roles. The chosen applicant will work in MicroStrategy’s headquarters in the United States. The Advocacy Manager will lead a team to plan and execute the annual “Bitcoin for Corporations” conference.
Beyond this, the Bitcoin Advocacy Manager will promote both internal and external education targeted at corporate adoption of BTC. Through the delivery of his duties, he would establish a Bitcoin community interaction center in Washington, DC. Entirely, his responsibilities are centered around advocating for efforts that strengthen MicroStrategy’s leadership in the ecosystem.
MicroStrategy stated clearly that this role is crucial to shaping the future of its Bitcoin strategy. The company kickstarted this movement in 2020 and has since maintained the tempo with consistent BTC purchases. Its most recent acquisition was worth approximately $458.2 million for a total of 7,420 Bitcoin.
The purchase was made after MicroStrategy completed the private issuance of $1.01 billion in Convertible Senior Notes. As of September, the firm held 252,220 BTC in its portfolio. It acquired these for $9.9 billion at an average price of $39,266 per Bitcoin.
With BTC currently trading at $62,067.11, hence MicroStrategy’s entire holding is valued at $15.6 billion.
Asian MicroStrategy Joins “Bitcoin for Corporations” Conference
MicroStrategy’s “Bitcoin for Corporations” conference is one of those events that brings together corporate leaders, financial executives, and technology innovators. Markedly, the discussions during the conference hinge on the future of Bitcoin in the corporate world.
In July, Japanese firm Metaplanet announced its participation as a member of the Bitcoin For Corporations initiative. This Asian firm is also very pro-Bitcoin. Therefore, its decision to join the program aligns with its pursuit. Like MicroStrategy, Metaplanet has initiated several Bitcoin purchases this year.
Despite just launching its Bitcoin accumulation strategy in May, it has purchased more than 500 BTC. Earlier this week, Metaplanet unveiled the purchase of 107 Bitcoin. This suggests that as more organizations join the MicroStrategy “Bitcoin for Corporations” conference, the number of corporate firms with a consistent Bitcoin strategy may increase.
Conclusion
The announcement of the Bitcoin Advocacy Manager role by MicroStrategy marks a significant milestone in the company’s strategy to promote the adoption of Bitcoin in the corporate world. As a prominent figure in the Bitcoin space, MicroStrategy’s efforts have far-reaching implications for the industry as a whole. With the company’s reputation and influence, it is likely that the Bitcoin Advocacy Manager will play a crucial role in shaping the future of Bitcoin adoption and development.
FAQs
Q: What is the role of the Bitcoin Advocacy Manager?
A: The Bitcoin Advocacy Manager will lead a team to plan and execute the annual “Bitcoin for Corporations” conference, promote internal and external education on corporate adoption of BTC, and establish a Bitcoin community interaction center in Washington, DC.
Q: Why is MicroStrategy hiring a Bitcoin Advocacy Manager?
A: MicroStrategy is hiring a Bitcoin Advocacy Manager to advance its Bitcoin acquisition strategy and promote the adoption of Bitcoin in the corporate world.
Q: What is the current market value of MicroStrategy’s Bitcoin holdings?
A: As of September, MicroStrategy held 252,220 BTC in its portfolio, valued at approximately $15.6 billion.
Q: Which other companies are participating in the “Bitcoin for Corporations” initiative?
A: Japanese firm Metaplanet is one of the companies that has announced its participation in the “Bitcoin for Corporations” initiative.
