MicroStrategy and STACKIT Partner to Launch Sovereign Data Cloud for European Businesses

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Veronika Rinecker

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Veronika Rinecker

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Veronika Rinecker is based in Germany and studied international journalism and media management. She specializes in reporting on topics such as politics and regulation, energy, blockchain, and...

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January 13, 2025 13:12 EST

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MicroStrategy, the biggest corporate Bitcoin (BTC) holder and a provider of business intelligence solutions, has partnered with STACKIT, a cloud provider within the Schwarz Group, one of the world’s largest retailers, to launch the MicroStrategy Sovereign European Cloud.

According to MicroStrategy’s press release from Jan. 8, this new offering is specifically designed for “highly regulated European businesses”, enabling them to use MicroStrategy ONE, a cloud-native AI/BI platform, while ensuring strict compliance with local data sovereignty regulations.

Data Sovereignty for European Businesses

MicroStrategy‘s partnership with STACKIT ensures strict adherence to European data sovereignty regulations. Customer data will remain securely within the EU, specifically hosted in Germany and Austria.

STACKIT’s infrastructure adheres to the EU security standards, including full GDPR compliance and boasts a comprehensive set of certifications such as ISO 27001, C5, ISAE 3000 (SOC 2), and ISAE 3402.

According to Phong Le, CEO of MicroStrategy, 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.”

AI Solutions for European Businesses

The MicroStrategy Sovereign European Cloud enables businesses to utilize MicroStrategy AI that facilitates the development of AI applications built upon trusted data.

The integration of the Auto™ AI bot within MicroStrategy ONE also allows end-users to access valuable business intelligence insights through simple, natural language queries.

Furthermore, this collaboration provides access to a suite of MicroStrategy ONE analytics tools seamlessly integrated with AI-driven workflows. This enables businesses to efficiently create and deploy secure AI applications “on a large scale.”

“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,” added Bernie Wagner, CEO at STACKIT.

MicroStrategy’s Expanding Bitcoin Holdings

MicroStrategy Incorporated (Nasdaq: MSTR) is the largest Bitcoin holder, having recently purchased an additional 1,070 BTC between Dec. 30 and 31.

The purchase, made at an average price of approximately $94,004 per Bitcoin, brings MicroStrategy’s total Bitcoin holdings to 447,470 BTC, representing roughly 2.1% of all Bitcoin that will ever be mined.

The acquisition comes after a slowdown in Bitcoin purchases, despite the cryptocurrency’s new all-time high in December 2024.

The company has been funding these purchases through the issuance and sale of shares, a method that may be subject to a potential blackout period in January 2025.

MicroStrategy also recently announced plans to raise $2 billion through a perpetual preferred stock offering, potentially using the proceeds to further increase its Bitcoin holdings. However, the company retains the discretion to proceed with this offering based on market conditions.

In 2024, MicroStrategy acquired 258,320 Bitcoin for a total investment of $22.07 billion. This translates to an average purchase price of approximately $85,450 per coin.