MicroStrategy (MSTR) co-founder Michael Saylor, a vocal Bitcoin supporter, has integrated Bitcoin’s Lightning Network into his business email. Anyone with the email address firstname.lastname@example.org can send bitcoins (BTC) to the 58-year-old billionaire.
The Lightning Network is a second-layer solution built on top of the Bitcoin blockchain that enables faster, cheaper, and more scalable transactions.
Michael Saylor fuses the Bitcoin(BTC) Lightning address into the corporate email
Tweeted on April 17, the company’s former CEO shared a screenshot showing a few Bitcoin(BTC) transactions sent to “email@example.com” in the form of Satoshis, or “Sats” the smallest unit of Bitcoin.
The Lightning Address protocol is used in the integration, which allows developers to replace a standard Lightning invoice or payment request with an Internet-based identifier such as an email address.
The Lightning Address protocol, which allows users to link an “Internet Identifier” such as an email address instead of copying wallet addresses or using QR codes, facilitates MicroStrategy’s integration. It’s unclear whether MicroStrategy included the feature in all of the company’s corporate emails.
The Lightning Network can process one million transactions per second (TPS) for one Satoshi, or four cents. The Lightning Network is a layer 2 scaling solution for Bitcoin that aims to make Bitcoin transactions cheaper and faster.
MicroStrategy’s BTC investment
MicroStrategy has spent $4.17 billion to acquire 140,000 BTC since the company began purchasing in March 2021. According to Buy Bitcoin Worldwide data, the average purchase price is $29,800. MicroStrategy has lost only 1.3% of its total investment at the current Bitcoin price of $29,400. However, the company returned to profitability for a brief period last week when the value of Bitcoin surpassed $30,000 for the first time.
Saylor’s action demonstrates his unwavering faith in Bitcoin’s future as a global currency and payment system. Saylor, a vocal proponent of Bitcoin, has led MicroStrategy’s corporate strategy of acquiring Bitcoin as a treasury reserve asset.
In 2020, MicroStrategy made headlines when it became the first publicly traded company to invest significant amounts of its cash reserves in Bitcoin. Since then, the investment entity has aggressively accumulated Bitcoin.
Saylor’s integration of his work email address with the Lightning Network demonstrates his dedication to practical Bitcoin adoption and willingness to investigate novel crypto-use cases.
This advancement has the potential to transform how businesses use Bitcoin, making it faster, cheaper, and more accessible for day-to-day operations. According to year-to-date reports, institutional ownership of MicroStrategy shares increased by 121% in the first quarter of this year, including some unexpected increases in exposure by major entities.