What happened to MicroStrategy after Michael Saylor's Bitcoin Conference 2024 announcement?
Saylor has announced a partnership with MicroStrategy and Bitcoin Magazine to promote corporate Bitcoin adoption.
Despite the fact that MicroStrategy's stock price fell by 3.96%, BTC rose more than 4% to 0.06 million7,000 dollars.
The Bitcoin [BTC] Conference 2024 has already showcased significant developments in the crypto world. One such highlight was Michael Saylor's announcement of a partnership between MicroStrategy and Bitcoin Magazine.
New collaborations
This collaboration led to the launch of “Bitcoin for Corporations,” an important initiative aimed at promoting BTC adoption in and around the crypto space.
In a press release dated 7/25, Bitcoin Magazine outlined the purpose of the collaboration and explained it as follows.
“This strategic partnership aims to provide enterprise leaders with comprehensive resources and educational content, and highlight our joint commitment to promote Bitcoin adoption and education on a global scale.”
MicroStrategy's Bitcoin Accumulation
Saylor is a longtime BTC maximalist and has consistently championed Bitcoin through his company MicroStrategy.
This new collaboration is another important step towards promoting Bitcoin adoption by Saylor and MicroStrategy. Saylor said,
“By combining our expertise, resources, and reach with Bitcoin Magazine, we aim to create a robust platform to educate and support businesses in implementing Bitcoin strategies.”
The move was well received by the crypto community as evidenced by X (formerly Twitter) user Sweep's comments.
“Collaboration rather than competition. I love watching it.
Reflecting this sentiment, Tomi Point made the following comments.
“That's @saylorのやり方です. one by one!! #ビットコイン」
MicroStrategy, known for its aggressive BTC accumulation strategy, recently announced 226,331 BTC as of 6/24.
Market Movements
Oddly enough, the news had a negative impact on MicroStrategy's stock price, which fell 3.96% in the past 24 hours.
Meanwhile, BTC has risen more than 4% and is trading at $0.06 million700 at the time of writing.
Despite the fact that MicroStrategy's stock price fell by 3.96%, BTC rose more than 4% to 0.06 million7,000 dollars.
The Bitcoin [BTC] Conference 2024 has already showcased significant developments in the crypto world. One such highlight was Michael Saylor's announcement of a partnership between MicroStrategy and Bitcoin Magazine.
New collaborations
This collaboration led to the launch of “Bitcoin for Corporations,” an important initiative aimed at promoting BTC adoption in and around the crypto space.
In a press release dated 7/25, Bitcoin Magazine outlined the purpose of the collaboration and explained it as follows.
“This strategic partnership aims to provide enterprise leaders with comprehensive resources and educational content, and highlight our joint commitment to promote Bitcoin adoption and education on a global scale.”
MicroStrategy's Bitcoin Accumulation
Saylor is a longtime BTC maximalist and has consistently championed Bitcoin through his company MicroStrategy.
This new collaboration is another important step towards promoting Bitcoin adoption by Saylor and MicroStrategy. Saylor said,
“By combining our expertise, resources, and reach with Bitcoin Magazine, we aim to create a robust platform to educate and support businesses in implementing Bitcoin strategies.”
The move was well received by the crypto community as evidenced by X (formerly Twitter) user Sweep's comments.
“Collaboration rather than competition. I love watching it.
Reflecting this sentiment, Tomi Point made the following comments.
“That's @saylorのやり方です. one by one!! #ビットコイン」
MicroStrategy, known for its aggressive BTC accumulation strategy, recently announced 226,331 BTC as of 6/24.
Market Movements
Oddly enough, the news had a negative impact on MicroStrategy's stock price, which fell 3.96% in the past 24 hours.
Meanwhile, BTC has risen more than 4% and is trading at $0.06 million700 at the time of writing.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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