The Lightning Network of Bitcoin has been seemingly integrated into the work address of Michael Saylor- a bull for Bitcoin, and the co-founder of business intelligence software firm MicroStrategy. In a tweet made on the 17th of April, the former chief executive of the firm went on to share a screenshot with his followers on Twitter of a couple of transactions that had been sent to his work address from others in the form of Satoshis or Sats- which is the smallest denomination of the cryptocurrency.
MicroStrategy Has Started Enabling The Lightning Address
The integration by MicroStrategy has been enabled by the protocol of Lightning Address- which allows the users to start linking an Internet Identifier like an email address- rather than having to copy the wallet addresses further by using QR codes. It is pretty unclear if the company integrated this feature into all of its corporate emails at the firm.
The Lightning Network is also a popular Bitcoin layer 2 scaling solution which has been capable of processing close to 1 million transactions per second for a base fee of 1 Satoshi- which is around four cents. Michael Saylor, who is currently the executive chairman at the firm, has been the brains behind the Bitcoin investment strategy of this software firm, which aims at strengthening the balance sheet of the firm.
It has been understood that MicroStrategy spent close to $4.17 billion in order to accumulate 140,000 BTC since the company started purchasing in March 2021. The average purchase price of the firm is around $29,800, according to data from Buy Bitcoin Worldwide. With the Bitcoin price currently at $29,490, the software firm is down by 1.3% on its total investment. However, it was reported that the firm was in the green for quite a short period of time the previous week when the cryptocurrency broke through the mark of $30,000.
