Coinspeaker MicroStrategy Partners with STACKIT to Launch European Sovereign Cloud Service
MicroStrategy Inc. (NASDAQ: MSTR), a leader in Bitcoin BTC $94 469 24h volatility: 2.5% Market cap: $1.87 T Vol. 24h: $68.05 B adoption strategy and pioneer in AI-powered business intelligence, has announced a strategic partnership with STACKIT, a top-tier cloud provider in Europe. Following the strategic partnership, MicroStrategy will venture cloud services to European businesses in a fully compliant nature.
The launch of the MicroStrategy Sovereign European Cloud is a major move in complying with the EU legal and GDPR requirements. Moreover, STACKIT has been providing cloud services to Schwarz Group, the largest retail company in Europe based in Germany.
“Both STACKIT and MicroStrategy share a vision for independence and economic stability, reflected both in this partnership and in our corporate strategy,” Phong Le, CEO of MicroStrategy, noted. “European MicroStrategy customers can use the MicroStrategy Sovereign European Cloud confident that their data is secure, compliant, and providing value to the business through the insights we provide.
Impact of MicroStrategy Sovereign European Cloud
The launch of the MicroStrategy Sovereign European Cloud will enable European businesses to grow exponentially with reliable intelligence backed by MicroStrategy ONE, a cloud-native AI/BI solution. On the other hand, MicroStrategy will expand its revenue over the years to strengthen its Bitcoin strategy in the long haul.
“MicroStrategy ONE on STACKIT secures data sovereignty by providing a protected framework for customer data, which also enables our joint European customers to future-proof their investment in MicroStrategy,” Bernie Wagner, CEO at STACKIT, noted. “When it comes to analyzing data, the companies of Schwarz Group have been using MicroStrategy for years. The partnership between STACKIT and MicroStrategy is exactly the kind of innovation we were looking for as a next step.”
Market Picture
The launch of the MicroStrategy Sovereign European Cloud coincides with the mainstream adoption of AI and digital assets in Europe through the implementation of MiCA regulations. As a result, the $83 billion company will continue to grow in the coming years, and most importantly add on its Bitcoin trove, which is more than 2 percent to the total BTC in circulating supply.
As a Bitcoin-oriented company, MicroStrategy’s stock market dropped over 2 percent in the past 24 hours to trade at about $334 at the time of this writing. The company’s stock market has been following Bitcoin’s price action and could continue in a correction mode if the BTC price drops below $90k.
However, the expansion of the cloud business in Europe will further strengthen its income over the years to shield the shareholders from Bitcoin’s volatility. Meanwhile, STACKIT will strengthen its business model by partnering with more reputable companies, thus attracting more customers.
Already, STACKIT holds several security certifications to ensure trusted data for AI application developments.
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MicroStrategy Partners with STACKIT to Launch European Sovereign Cloud Service
