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Company mail is converted into a Bitcoin lightning address by MicroStrategy

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Company mail is converted into a Bitcoin lightning address by MicroStrategy

bitcoin halving

Since implementing the BTC standard in March 2021, MicroStrategy has invested $4.17 billion to acquire 140,000 BTC.

Michael Saylor, chairman of MicroStrategy, said that the company changed his corporate email address to a Lightning address in reference to the company’s ongoing optimism regarding Bitcoin (BTC).

In a tweet on April 17, the former CEO of MicroStrategy made the disclosure, adding, “People keep sending me 21 sats.”

People can now send BTC to Saylor using his email address as a identifier thanks to the conversion.

Bitcoin fan Walker said the business insight organization coordinated the Lightning highlight into all its corporate addresses.

At the time of publication, CryptoSlate had not received a response from MicroStrategy regarding the matter.

“The integration uses the Lightning Address protocol, which allows developers to replace standard Lightning payment requests with Internet identifiers, such as email addresses,” Wu Blockchain stated in its report.

 

 
 

 

 

 

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Community welcomes the integration

In the mean time, a few crypto local area individuals have invited the news, with some labeling Coinbase President Brian Armstrong to the turn of events. Recently, the CEO of Coinbase gave the impression that the cryptocurrency exchange with its headquarters in the United States would include the feature.

Saylor acknowledged in 2022 that MicroStrategy was developing its Lightning product. The BTC maxi at the time referred to Lightning as an investment in technology and the “internet of money.”

Bitcoin lightning network reception has filled lately. According to DeFillama data, the total value of assets locked on the layer2 payment network is currently 5,328 BTC, or roughly $162 million.

Since adopting the BTC standard in March 2021, MicroStrategy has spent $4.17 billion to accumulate 140,000 BTC. After the digital asset briefly traded above $30,000, the company’s BTC holdings recently turned positive.

To gain indirect exposure to BTC, a number of conventional financial institutions have been purchasing MicroStrategy stocks. With an increase of 114% year-to-date, the company’s stock is one of the best performing crypto stocks in 2023.

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