© Reuters. MicroStrategy to Bring Lightning Solutions in 2023 to Contribute to the Ecosystem – Michael Saylor
- MicroStrategy would offer software applications and solutions powered by the Lightning Network.
- The firm seeks a Bitcoin Lightning Software Engineer to help MicroStrategy build a SAAS platform on Lightning Network.
- MicroStrategy wants Lightning network to become an enterprise technology, says Michael Saylor.
- MicroStrategy recently reported buying 2,500 Bitcoins and selling 704 of them.
The Executive Chairman of MicroStrategy, Michael Saylor, has made new revelations about the company’s plan for BTC in 2023 in a Twitter space conversation on Wednesday. Saylor said the software firm seeks to contribute more to the Bitcoin ecosystem by launching Lightning Solutions.
By 2023, MicroStrategy will offer software applications and solutions powered by the Bitcoin Lightning Network, as opposed to Amazon (NASDAQ:) AWS and Microsoft (NASDAQ:) Azure cloud servers, according to the company’s executive chairman. Consequently, MicroStrategy seeks to hire a Bitcoin Lightning Software Engineer to help the firm build a SAAS platform on the Lightning Network.
With Lightning services, Microstrategy (NASDAQ:) will focus on online content monetization, web paywalls, enterprise marketing, and internal corporate controls to introduce Bitcoin Lightning solutions.
According to Saylor, MicroStrategy wants to push the Lightning Network to become an enterprise technology. As part of its Lightning Network onboarding solution, MicroStrategy will provide enterprises with tools for Bitcoin and Lightning ecosystems.
“We want to make it possible for enterprise to spin up Lightning Infrastructure in an afternoon and onboard thousands of employees or customers,” Saylor said
Saylor believes that once the solutions are out, every Chief Marketing Officer will utilize them as a marketing strategy. He stated that CMOs could encourage customers to give feedback or post reviews for incentives through the Lightning Network.
MicroStrategy Adds More BTC to its Treasury
In a recent filing to the U.S. Securities and Exchange Commission (SEC), MicroStrategy revealed that it acquired about 2,500 BTC. Presently, the firm holds 132,500 BTC acquired for $4.03 billion at an average price of $30,397 per BTC.
Saylor explained that the firm would invest in BTC on a long-term plan. He added that there are no limits to the extent MicroStrategy can reach with its BTC exploit. Saylor affirmed that MicroStrategy believes BTC is the future of money, and the firm expects it to be worth millions in the years ahead.
On the Flipside
- The unrealized loss for Microstrategy is nearly $1.8 billion in today’s market conditions.
- Recently, the firm sold 704 bitcoins for about $11.8 million. MicroStrategy made the sale from its Bitcoin inventory for the first time since 2020, when it acquired primary cryptocurrency.
Why You Should Care
MicroStrategy is the largest institutional investor in Bitcoin, with current holdings of about 132,500 BTC. A company of this stature can have a significant impact on the ecosystem. According to Saylor, MicroStrategy’s upcoming Bitcoin event will feature a “Lightning for corporations” agenda, giving a deeper look at the company’s plans to contribute to the cryptocurrency ecosystem.
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