FOR IMMEDIATE RELEASE
MicroStrategy and Bitcoin Magazine Launch "Bitcoin for Corporations" at The Bitcoin Conference
Nashville, Tennessee – July 25, 2024 – In a significant move to further drive corporate Bitcoin adoption, Bitcoin Magazine and MicroStrategy have announced the launch of Bitcoin for Corporations. This strategic partnership aims to provide comprehensive resources and educational content to corporate leaders, underscoring a joint commitment to fostering Bitcoin adoption and education on a global scale. The announcement was made live by Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, on the live desk during the 2024 Bitcoin Conference.
Collaborative Effort to Drive Corporate Bitcoin Adoption
Bitcoin for Corporations leverages the combined strengths of Bitcoin Magazine and MicroStrategy to create a comprehensive resource and networking hub for companies in all walks of their Bitcoin journeys. MicroStrategy has already paved the way for enterprise adoption by integrating a Bitcoin for Corporations track into their broader MicroStrategy World conference series.
Platform Features and Benefits
This collaboration will expand on that initiative with a co-branded web platform offering curated content, newsletters, and success stories from industry leaders who have implemented corporate Bitcoin strategies. The platform will also provide practical tools and educational materials tailored to C-Level executives, along with a structured outreach program and VIP access to annual in-person conferences.
Joint Mission to Educate and Empower
"We are thrilled to partner with MicroStrategy to launch Bitcoin for Corporations," said Mike Germano, President of Bitcoin Magazine. "This collaboration seamlessly aligns with our mission to educate and empower Bitcoiners. In expanding this mission to corporations, we couldn't ask for better partners to join forces with than MicroStrategy."
Accelerating Corporate Bitcoin Adoption
Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, added, "The 'Bitcoin for Corporations' initiative is a significant step towards accelerating corporate Bitcoin adoption. By combining our expertise, resources and reach, along with Bitcoin Magazine we aim to create a robust platform that educates and supports corporations in implementing Bitcoin strategies."
Membership Tiers and Benefits
Bitcoin for Corporations offers various membership tiers, including Executive Partner, Premier Member, and Industry Member, each with unique benefits such as exclusive strategic content, master class inclusion, and VIP event access. This comprehensive structure aims to cater to different levels of interest and engagement, ensuring a wide reach and impact.
For More Information
For more information on Bitcoin for Corporations, please visit b.tc/corporations.
About Bitcoin Magazine
Bitcoin Magazine, the world's first publication covering Bitcoin, serves its international readership with innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. Operating from Nashville, Tennessee, Bitcoin Magazine is published by BTC Media. For the latest in Bitcoin news, visit BitcoinMagazine.com.
About MicroStrategy
MicroStrategy (Nasdaq: MSTR) considers itself the world's first Bitcoin development company. We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy and technology innovation. As an operating business, we are able to use cashflows as well as proceeds from equity and debt financings to accumulate bitcoin, which serves as our primary treasury reserve asset. We also develop and provide industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere™, and are using our software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation. For more information about MicroStrategy, visit www.microstrategy.com.
MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Frequently Asked Questions
What is a Precious Metal IRA, and how can you get one?
Precious metals can be a good investment for retirement accounts. Precious metals have been around since Biblical times and still hold their value today. The best way to protect yourself from inflation is to invest in precious metallics such as platinum, silver and gold.
Many countries also permit citizens to store money in foreign currencies. You can buy Canadian gold bars and keep them at home. Then, when you travel to Canada, you can make the same gold bars and sell them for Canadian Dollars.
This is a great way to invest in precious metals. It is particularly useful for those who live outside North America.
Can I store my gold IRA at home?
An online brokerage account will allow you to invest in the most secure way possible. You have all the investment options you'd get if you had a traditional broker. However, you don't require any licenses or qualifications. You don't have to pay any fees for investing.
Many online brokers also offer tools that can help you manage your portfolio. Many online brokers allow you to download charts that will show how your investments are performing.
Which is better: sterling silver or 14k-gold?
Gold and silver are strong metals, but sterling silver is much less expensive because it contains 92% pure silver rather than just 24%.
Sterling silver is also known as fine silver because it is made from a mixture of silver and other metals such as copper and zinc.
Gold is usually considered to be extremely strong. It is very difficult to separate it from its metal counterpart. If you dropped an object onto a piece or gold, it would break into thousands instead of two halves.
However, silver isn't as strong and durable as gold. If you dropped an item onto a sheet of silver, it would probably bend and fold without shattering.
Silver is used in jewelry and coins. Because of this, silver's value is subject to fluctuations based upon supply and demand.
What precious metals can you invest in for retirement?
It is important to know what you have already saved and where money you are saving for retirement. You can start by making a list of all your assets. This should include any savings accounts, stocks, bonds, mutual funds, certificates of deposit (CDs), life insurance policies, annuities, 401(k) plans, real estate investments, and other assets such as precious metals. Take all of these items and add them together to find how much you have left for investment.
If you are between 59 and 59 1/2 years, you might consider opening a Roth IRA. Traditional IRAs allow you to deduct contributions out of your taxable income. Roth IRAs don't. However, you can't take tax deductions from future earnings.
If you decide that you need more money you'll need another investment account. Start with a regular brokerage.
Statistics
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (forbes.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- You can only purchase gold bars of at least 99.5% purity. (forbes.com)
External Links
takemetothesite.com
investopedia.com
regalassets.com
wsj.com
How To
How to determine if a Gold IRA works for you
Individual Retirement account (IRA), is the most widely used type of retirement plan. IRAs can be obtained through banks, financial advisors, mutual funds, employers and banks. Individuals can contribute as much as $5,000 per year without any tax consequences. This amount is available to all IRAs, regardless of age. However, certain IRAs have limits on the amount you can deposit. For example, you cannot contribute to a Roth IRA unless you're at least 59 1/2 years old. You must wait until your age 70 1/2 to make contributions if you are under 50. Additional, employees who work for their employer might be eligible to receive matching contributions.
There are two main types: Roth and traditional IRAs. Traditional IRAs can be used to invest in stocks or bonds, as well other investments. Roth IRAs are only available for after-tax dollars. Contributions to a Roth IRA aren't taxed when they come out, but withdrawals taken from a Roth IRA are taxed once again. Some people choose to use a combination of these two accounts. There are pros and cons to each type of IRA. What should you look at before deciding which type is best for you? Keep these three things in mind:
Traditional IRA Pros:
- The company can choose from different contribution options
- Employer match possible
- Save more than $5,000 per Person
- Gain tax-deferred until withdrawal
- You may have income restrictions
- Maximum contribution limit for married couples is $5500 annually ($6,500 jointly).
- The minimum investment is $1,000
- After the age of 70 1/2, mandatory distributions must be taken.
- Must be at least five years old to open an IRA
- Transfer assets between IRAs cannot be done
Roth IRA Pros
- Contributions are tax-free
- Earnings can grow tax-free
- No minimum distribution required
- Stocks, bonds, and mutual fund investments are the only options.
- There is no maximum allowed contribution
- There are no limitations on the ability to transfer assets between IRAs
- An IRA can only be opened by those 55 and older
You should be aware that not every company offers the same IRAs. Some companies allow you to choose between a Roth IRA or a traditional IRA. Some will let you combine them. Noting that different types IRAs have different requirements, it's worth noting. Roth IRAs don't have a minimum capital requirement. Traditional IRAs only require a $1,000 minimum investment.
The bottom line
The most important factor when choosing an IRA is whether you plan to pay taxes immediately or later. A traditional IRA is a good choice if you expect to retire within ten. Otherwise, a Roth IRA may be better suited for you. It doesn't matter what, it is a good idea consult a professional to discuss your retirement plans. It's important to have someone who is knowledgeable about the market and can suggest the best options for you.
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