MicroStrategy Begins Hiring for Bitcoin Data Product

After buying 71,079 BTC, the business intelligence company is building its first bitcoin-related software product.

Feb 12, 2021 at 7:31 p.m. UTC
Updated Sep 14, 2021 at 12:11 p.m. UTC

MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor's whopping bet on BTC as a reserve asset.

The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data Analyst and Blockchain Data Engineer, explaining in job postings they will join a team "building an analytics platform with advanced metrics and insights for Bitcoin."

MicroStrategy hinted last November its interest in building blockchain data products and even stated its intention to hire for them. Executives did not go public then with positions of interest and remained largely mum on program specifics, describing it as a potential data offering at the time.

But Saylor has been vocal about perceived deficiencies in bitcoin's data. He declared last October that "garbage" market data was holding bitcoin back. “Where can you find something so incredibly compelling that has such bad data around it relative to other assets?” Saylor said at the time. 

For a man who spent much of last week all but pleading for his fellow CEOs to adopt the bitcoin standard, there's an obvious, and vested, interest in improving upon the "garbage."

MicroStrategy did not respond to a request for comment by press time.

The dual hirings add a rough picture to what could eventually become a commercialized intelligence offering for digital assets beyond just bitcoin. MicroStrategy wants analysts experienced with public, private and permission blockchains. (Bitcoin's network is public and permissionless.)

A product would also produce shareable, digestible analytical insights, the listings indicate. MicroStrategy's new engineer would be responsible for developing software capable of turning troves of data into "visualizations" that can be shared with "broader audiences."

The job postings position MicroStrategy to capitalize on bitcoin Saylormania through the software intelligence space, which, as is so easy to forget for a company with 71,079 BTC on its balance sheet, is the firm's longstanding business expertise.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Crypto's One Unassailable Use Case: Helping Human Rights Activists

The Oslo Freedom Forum was heavy on bitcoin and stablecoin discussions, underscoring that this technology is a tool for political dissidents, not just a get-rich-quick scheme.

The Oslo Freedom Forum was heavy on bitcoin and stablecoin discussions, underscoring that this technology is a tool for political dissidents, not just a get-rich-quick scheme.

CoinDesk - Unknown
2
CoinDesk - Unknown
Who Are We in the Metaverse, and How Do We Prove It?

Self-sovereign identity needs to be baked into the DNA of Web 3.

Self-sovereign identity needs to be baked into the DNA of Web 3.

CoinDesk - Unknown
3
CoinDesk - Unknown
Market Wrap: Bitcoin Stuck Below $30K as Buyers Remain on Sidelines

BTC declined by as much as 3% over the past 24 hours and is on track to end the month in the red.

BTC declined by as much as 3% over the past 24 hours and is on track to end the month in the red.

CoinDesk - Unknown
4
CoinDesk - Unknown
The Supercycle Is Dead: Welcome to Goblintown

The mood sours even further in Cryptoland.

The mood sours even further in Cryptoland.

CoinDesk - Unknown