How to add Bitcoin to the balance sheet for businesses, with Saylor & Dorsey
Is your business ready to buy the Bitcoin dip? Saylor and Dorsey give you the 411 for free.99. The annual MicroStrategy World conference will go live on February 1. Learn directly from these two titans of the industry, who have certainly been some of the foremost proponents and promoters of Bitcoin in recent years.
Michael Saylor has led by example by buying every dip and has a constant presence in the mainstream media. His interviews are more like lessons and the attention they get is excellent. Jack Dorsey, for his part, left Twitter to focus on Bitcoin. Since then, his Block company has announced several projects that are sure to strengthen the Bitcoin network.
About the MicroStrategy World conference, the press release promises that it will “focus on Enterprise Analytics and Bitcoin for businesses. World 2022 is 100% virtual and for the first time, access to all parts of the conference is free.” That’s an unbeatable price.
What will Saylor and Dorsey be talking about?
The conference has two sides, two different events that show the duality of MicroStrategy:
“The Enterprise Analytics event introduces bold new ways to think about analytics and business intelligence, showcasing organizations that have used data as a strategic differentiator. The Bitcoin for Corporations event will explore the various benefits of incorporating Bitcoin into business initiatives.”
Join me and Keynote Presenter @jack on the 2nd Annual Bitcoin for Business on February 1 and 2. This free, virtual conference is a must for any company considering integrating #Bitcoin with their products and services, or adding #BTC on their balance sheet.https://t.co/V9fIkv633q
— Michael Saylor⚡️ (@saylor) January 20, 2022
As you would expect, NewsBTC will focus on: the second event. It is important to say that both Dorsey and Saylor companies have Bitcoin on their balance sheets. These two put their money where their mouth is, and then some. Anyway, what does MicroStrategy World promise?
“An in-depth discussion about Bitcoin between two visionary voices: Jack Dorsey, CEO of Block, Inc., and Michael Saylor, CEO of MicroStrategy Inc. This session will be followed by a discussion on Bitcoin Treasury with Phong Le (President and CFO, Microstrategie). Bitcoin for Corporations will also feature live interviews with industry experts from Coinbase, Deloitte, Fidelity Digital Assets, Genesis, Jefferies, NYDIG, Paxos and Silvergate Bank.”
It is remarkable that Fidelity Digital Assets recently shocked the world by predicting that more countries and probably one or two central banks would add Bitcoin to their balance sheets in the coming years. Christine Sandler, Fidelity’s Head of Sales & Marketing, will represent the company at the conference.
Saylor’s Recent Bitcoin History
Since MicroStrategy first added Bitcoin to its balance sheet in August 2020, the company has been increasing the stakes every few months. She issued ordinary shares. She shares sold. She purchased, and purchased, and purchased, and purchased. In a recent interview, Saylor explained the strategy and NewsBTC reported:
“Look, our long-term strategy is a bit like Harvard University. We run a university, but we have an endowment. MicroStrategy sells business software. We generate $100 million in cash flow a year — in a good year — and we reinvest that money into our endowment. Our donation is 100% bitcoin.”
Saylor adds that MicroStrategy plans to acquire and hold bitcoin as a balance sheet. In terms of operations, the company will continue to sell its business software worldwide.”
In this regard, Saylor said of MicroStrategy’s free conference:
“We have gained a wealth of experience and expertise by innovating our treasury strategy and developing our corporate bitcoin acquisition strategy. And we’re excited to share our knowledge – through this curated event – to companies looking to pursue similar strategies and bold initiatives.”
Dorsey’s Recent Bitcoin History
For his part, Dorsey’s strategy is very different from Saylor’s. He works in infrastructure. Dorsey strengthens the weak parts of the network. Among other things, Block announced that they are building a decentralized Bitcoin exchange called tbDEX. released the Lightning Development Kit. And announced that they are working in an open source ASIC miner.
On a personal level, Dorsey and rapper Jay-Z 500 BTC in a blind faith to promote Bitcoin’s development in Africa and India. And created the Bitcoin Defense Legal Fund to Protect Developers of various lawsuits.
BTC price chart for 21/01/2022 on Gemini | Source: BTC/USD on TradingView.com
The price of Bitcoin
Despite the best efforts of Saylor and Dorsey, Bitcoin is bleeding. On the one hand, Proof-Of-Stake advocates lied outright in front of the US Congress during a hearing on the environmental risks of Proof-Of-Work. On the other hand, there is a rumor that Russia is considering banning Bitcoin in some capacity. Both situations caused panic in the market and Bitcoin price is currently 40% lower than the ATH of $69K.
Will Michael Saylor buy the dip?