Market News

MicroStrategy embraces Bitcoin lightning network, converts company mail to lightning address

Array
MicroStrategy chairman Michael Saylor has revealed that the firm has converted its corporate email address to a Lightning address

MicroStrategy chairman Michael Saylor has revealed that the firm has converted its corporate email address to a Lightning address, a move that reflects the company’s continued bullishness on Bitcoin.

Saylor disclosed the development in a tweet on April 17, saying “people keep sending me 21 sats.” This means that people can now send BTC to Saylor using his email as an identifier.

The integration uses the Lightning Address protocol, which replaces standard Lightning payment requests with internet identifiers such as email addresses.

The Bitcoin lightning network adoption has grown in recent years, with the total value of assets locked on the layer2 payment network currently standing at 5,328 BTC.

Meanwhile, MicroStrategy has spent $4.17 billion to accumulate 140,000 BTC since adopting the BTC standard in March 2021, and several traditional financial institutions have been buying MicroStrategy stocks to gain indirect exposure to BTC.

Tags

Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.