MicroStrategy is reportedly creating an enterprise software product focused on Bitcoin

Enterprise business analytics maker MicroStrategy is reportedly building a software product focused on corporate Bitcoin strategies, two recent job postings suggested. The firm had previously picked up over $1.5 billion worth of Bitcoin in 2020—and now spends significant efforts in evangelizing the rising asset class.

MicroStrategy is building its first #Bitcoin software product, focused on providing “advanced metrics and insights for #Bitcoin”

— Documenting Bitcoin 📄 (@DocumentingBTC) February 12, 2021

As per posts on the job and corporate networking site LinkedIn, two new job positions at MicroStrategy are now available: 1. The post of a Blockchain Data Analyst and 2. A Blockchain Data Engineer.

The analyst position requires over 5 years of previous experience in a data analytics role with extensive data modeling and cryptography experience. One of the main focuses of the candidate would be to “apply statistical and modeling knowledge to understand the blockchain and related datasets, uncover insights and build advanced metrics and analytics.”

On the other hand, the engineer position calls for individuals to build an analytics platform with advanced metrics and insights for Bitcoin, bringing data intelligence to the blockchain and cryptocurrency space.

“We encourage passionate, innovative, and highly motivated engineers with knowledge in the field of digital currency analytics to apply,” it reads, with five years of previous experience in a computer science role.

The two jobs are the first official Bitcoin-related positions at MicroStrategy. It had previously stated in November that such roles would be pursued in the future, especially those involving enterprise blockchain tools.

They would help legitimize Bitcoin’s market liquidity, data visualization, and bring an institutional-grade tool to the new-age asset class.

MicroStrategy’s Bitcoin rush

MicroStrategy—its CEO Saylor, specifically—have evangelized Bitcoin ever since they picked up over 71,000 BTC. “Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don’t have the option or desire to run their own hedge fund,” says firm CEO Michael Saylor on his firm’s official Bitcoin page.

“You are my heart, my life, my one and only thought.” – Arthur Conan Doyle on #Bitcoin

— Michael Saylor (@michael_saylor) February 14, 2021

Last month, the firm held its first-ever Bitcoin “convention,” an online event attended by an estimated 7,000 companies and individuals looking to purchase the “digital gold” while considering the legal, technical, and regulatory aspects for doing the same.

The firm’s not the only one jumping on Bitcoin, however. Last week saw electric carmaker Tesla announce it had picked up over $1.5 billion in Bitcoin at some time in the past, becoming the third high profile business after MicroStrategy and Square to directly hold Bitcoin as part of its treasury.