MicroStrategy's CEO Michael Saylor Intergates Bitcoin Lightning Network to Corporate Email Address

MicroStrategy's CEO Michael Saylor Intergates Bitcoin Lightning Network to Corporate Email Address
MicroStrategy's CEO Michael Saylor Intergates Bitcoin Lightning Network to Corporate Email Address

Top Bitcoin enthusiast and MicroStrategy’s CEO Michael Saylor announced the integration of the Bitcoin Lightning Network into his corporate email address. It is the first publicly-traded company to make such a move.

Several users have sent Saylor an estimated 21 Satoshis to test the efficacy of the new feature. 

In an April 18 tweet, the known Bitcoin supporter shared a screenshot of 36 transactions of users trying to send him some cryptocurrencies after announcing his conventional corporate email address conversion to a Lighting Address protocol.

How does this work? This simply means that anyone can use Saylor’s “saylor@microstrategy.com” email to send over some Bitcoin to the leader, CoinDesk reports.

The Bitcoin Lightning Network is a layer-2 solution that solves scalability issues on the main network. The second layer serves as a micropayment channel that conducts more efficient transactions. 

With MicroStrategy, the recent integration means another party who wish to transact with Michael Saylor will together set up a multi-signature wallet holding a certain amount of Bitcoin. 

The wallet address is saved to the blockchain and creates a bi-directional payment channel where both parties involved can facilitate BTC payments using the channel seamlessly. Transactions are unlimited, fast, and cost-saving. 

Saylor’s recent move hints of MSTR’s plans to integrate Bitcoin further into its operations. The company currently holds 140,000 BTC in its balance sheets amounting to more than $4 billion in current prices. 

With the average price of Bitcoin dwindling at $30,000.00, MicroStrategy remains down 1.3% from its initial investment. 

MSTR stock price closed its April 17 session with a 6.21% decline to $313.03. It fell further by 0.045% in the after-hours trading and is set to open the new trading day with a starting price of $312.89. 

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