The Bitcoin (BTC) Lightning Network has been integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software company MicroStrategy.
In an April 17 tweet, the former CEO of the firm shared a screenshot with his 3 million Twitter followers of some transactions sent to “[email protected]” from others in the form of Satoshis or “Sats.” , the smallest denomination. bitcoin
So @MicroStrategy I converted my corporate email address to a #Lightning⚡️ address and people keep sending me 21 sats… pic.twitter.com/FHde6RtA6N
—Michael Saylor⚡️ (@saylor) April 17, 2023
MicroStrategy integration is enabled by the Lightning Address protocol, which allows users to link an “Internet Identifier” such as an email address instead of having to copy wallet addresses or use QR codes.
It’s unclear if MicroStrategy integrated the feature into all of the company’s corporate emails.
The Lightning Network is a popular Bitcoin Layer 2 scaling solution, which is capable of processing 1 million transactions per second (TPS) for a base fee of 1 Satoshi, or about four cents.
Integration of payment systems and improvement of business models based on #Bitcoin & #Lightning⚡️ is a great way to reduce dependency on Big Tech, Big Banking, and Big Advertising. Lightning is an open, ethical, and scalable way to move money around the world, without gatekeepers.
—Michael Saylor⚡️ (@saylor) November 29, 2022
Saylor, who now serves as the company’s CEO, has been the mastermind behind MicroStrategy’s Bitcoin investment strategy that aims to strengthen the company’s balance sheet.
Related: Coinbase CEO Says Bitcoin Lightning Is “Something We Will Integrate”
MicroStrategy has spent $4.17 billion to accumulate 140,000 BTC since the company began buying in March 2021. The company’s average purchase price is $29,800 according to Buy Bitcoin Worldwide data.
With the price of Bitcoin currently at $29,400, MicroStrategy is down just 1.3% on its total investment.
However, the firm was back in the green for a brief period of time last week when Bitcoin broke above the $30,000 mark.
Cointelegraph reached out to MicroStrategy for comment on its plans to integrate the Lightning Network into more of its corporate email addresses, but did not immediately hear back.
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