MicroStrategy Partners with STACKIT to Launch Sovereign Cloud Service in Europe
MicroStrategy Inc. (NASDAQ: MSTR) has formed a strategic partnership with STACKIT, a prominent European cloud provider. This collaboration will launch the MicroStrategy Sovereign European Cloud, ensuring compliance with EU legal and GDPR requirements.
Key points include:
- The MicroStrategy Sovereign European Cloud aims to support European businesses with secure, compliant data solutions.
- This initiative aligns with MicroStrategy's long-term Bitcoin strategy and is expected to enhance revenue.
- STACKIT, which has provided services to the Schwarz Group, emphasizes data sovereignty and investment protection for joint customers.
- The launch coincides with the adoption of AI and digital assets in Europe, following MiCA regulations.
- MicroStrategy holds over 2% of the total BTC supply and its stock has recently dropped over 2%, trading around $334.
- The cloud expansion is viewed as a way to mitigate risks associated with Bitcoin price volatility.
STACKIT also possesses multiple security certifications, enhancing trust in their AI application developments.