- Saylor announced MicroStrategy’s partnership with Bitcoin Magazine to promote corporate adoption of Bitcoin.
- BTC rose more than 4% to $67,000, despite MicroStrategy shares falling 3.96%.
The Bitcoin [BTC] Conference 2024 has already shown important developments in the crypto world. One of those highlights was Michael Saylor’s announcement of a partnership between MicroStrategy and Bitcoin Magazine.
A new collaboration
This collaboration led to the launch of ‘Bitcoin for Corporations’, a major initiative aimed at promoting BTC adoption in and around the crypto space.
In a press release dated July 25, Bitcoin Magazine outlined the purpose of the partnership, explaining:
“This strategic partnership aims to provide comprehensive resources and educational content to business leaders, and underlines a shared commitment to advancing Bitcoin adoption and education on a global scale.”
MicroStrategy’s Bitcoin Accumulation
Saylor has been a long-time BTC maximalist and has consistently advocated for Bitcoin through his company MicroStrategy.
This new partnership marked another important step by Saylor and MicroStrategy toward advancing Bitcoin adoption. Saylor said:
“By combining our expertise, resources and reach, along with Bitcoin Magazine, we aim to create a robust platform that educates and supports companies in implementing Bitcoin strategies.”
This move was also well received by the crypto community, as evidenced by a comment from X (formerly Twitter) user Sweepwho said,
“Collaboration over competition. I like to see it.”
Following this sentiment, Tomi Point commented,
“That’s how @saylor is. One by one !! #Bitcoin”
Known for its aggressive BTC accumulation strategy, MicroStrategy recently announced that it has 226,331 BTC as of June 24.
Market trends
Curiously, this news had a negative impact on MicroStrategy’s share price, which was down 3.96% in the past 24 hours.
Meanwhile, BTC saw a rise of over 4% and was trading at $67K at the time of writing CoinMarketCap.
Therefore, believing in BTC’s long-term potential, Mustache exclaimed:
Source: Mustache/X