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Bitcoin News

MicroStrategy Seeks Bitcoin Advocacy Manager for Growth

The company holds 252,220 BTC, purchased at an average price of $39,266 per Bitcoin, totaling $9.9 billion.

Written By Jalpa Bhavsar
Fact Checked by Jahnu Jagtap
Published October 6, 2024 12:53 AM·Updated 1 year ago
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MicroStrategy Seeks Bitcoin Advocacy Manager for Growth

MicroStrategy recently announced a new post for a Bitcoin Advocacy Manager as part of its growing Bitcoin (BTC) acquisition strategy.

The company, handled by Michael Saylor, is searching for someone to hold its annual “Bitcoin for Corporations” conference and spearhead educational programs to increase corporate acceptance of Bitcoin. This position will also entail establishing a Bitcoin community engagement hub in Washington, D.C.

The job posting signals MicroStrategy’s continued dedication to BTC advocacy, having started its significant Bitcoin acquisition journey in 2020.

As of September, the company holds 252,220 BTC, purchased at an average price of $39,266 per Bitcoin, totaling $9.9 billion. With Bitcoin currently trading around $62,067, the company’s BTC holdings are now valued at approximately $15.6 billion.

Furthermore, the “Bitcoin for Corporations” conference, hosted by MicroStrategy, continues to attract pro-Bitcoin corporate entities. Metaplanet, a Japanese corporation, joined the campaign in July and has gathered more than 500 BTC since commencing its approach in May 2024, indicating significant corporate interest in Bitcoin adoption.

MicroStrategy’s aggressive Bitcoin accumulation strategy aligns with its long-term vision of promoting Bitcoin as a corporate asset, especially through initiatives like this new advocacy role and its conference.

Also Read: MicroStrategy Buys 18,300 BTC for 1 Billion Dollars 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)CryptocurrencyMicroStrategy
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