MicroStrategy Wants to Be in the Bitcoin Business, Not Just an Investor

MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services.

AccessTimeIconNov 20, 2020 at 7:12 p.m. UTC
Updated May 9, 2023 at 3:13 a.m. UTC

MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services.

Exactly what those services might be, when they would come online and how they would be monetized are still open questions. But in a Nov. 16 conference call, Chief Executive Michael Saylor, who spearheaded MicroStrategy’s nine-figure bitcoin allocations this summer, told investors his firm is eager to “leverage” its business intelligence experience in the bitcoin data space.

  • Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change
    01:54
    Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change
  • HNT Token Scores 40% Gains on Growing Adoption of Helium Mobile
    00:50
    HNT Token Scores 40% Gains on Growing Adoption of Helium Mobile
  • Tokens on WazirX Trade at Discount; Italy's Top Banks Complete Digital Bond Issuance on Polygon
    01:45
    Tokens on WazirX Trade at Discount; Italy's Top Banks Complete Digital Bond Issuance on Polygon
  • Profit-Making Crypto Address Makes New Investment of $16M in BTC
    00:59
    Profit-Making Crypto Address Makes New Investment of $16M in BTC
  • “There’s an entire exploding universe of intelligence opportunities all wrapped around this kind of unique bitcoin intelligence coming off the blockchain,” he said. “And we’ll explore it all.”

    As first reported by The Block, the comments mark a potential expansion by one of the single largest participants in bitcoin's current bull run: from pure bitcoin investor (and node runner) to a firm also in the business of bitcoin.

    To be sure, "we don’t have any one thing that we’re sure makes sense to commercialize yet," Saylor told investors.

    But the company is putting feelers out for new hires nonetheless.

    "We're actively looking to source and recruit some talented folk that have expertise in blockchain that would like to join us on this journey," said Chief Technology Officer Tim Lang. 

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.