Bitcoin proponent and co-founder of business intelligence firm MicroStrategy, Michael Saylor, has integrated Bitcoin’s Lightning Network into his corporate email address. This means that anyone can send the entrepreneur BTC using his work email address.
Saylor Integrates Bitcoin’s Lightning Network Into Corporate Email
In a Twitter post on Monday, Saylor shared a screenshot of a few transactions sent to his corporate email address in the form of Satoshis or Sats, the lowest bitcoin denomination. Moreover, the 58-year-old has been receiving small Bitcoin donations from his followers after tweeting about the integration.
So @MicroStrategy converted my corporate email address into a #Lightning⚡️ address and people keep sending me 21 sats…???? pic.twitter.com/FHde6RtA6N
— Michael Saylor⚡️ (@saylor) April 17, 2023
The integration uses the Lightning Address protocol, which allows developers to replace standard Lightning payment requests with Internet identifiers, such as email addresses. So, instead of wallet addresses or QR codes, users can provide their email addresses to receive Bitcoin payments.
While Saylor’s business email address has been converted into a lightning address, it is unclear if that same has been done to all MicroStrategy’s corporate emails.
The Lightning Network is a layer 2 solution on the Bitcoin blockchain. It was designed to address Bitcoin’s slow transactions and high transaction costs. Saylor has always been vocal about the Lightning Network. He once stated that the solution is the most important development going on in the world of technology.
MicroStrategy’s Bitcoin Investment
Saylor – the current executive chairman at MicroStrategy – is a well-known Bitcoin maximalist that has been the mastermind behind the company’s bitcoin buying spree. MicroStrategy started accumulating bitcoin in August 2020 and is currently the largest corporate holder of the leading digital asset.
So far, the company has acquired a staggering 140,000 BTC, worth roughly $4 billion at current prices. The business intelligence firm’s Bitcoin pile was bought at an average price of $29,803 per BTC.
After sitting on a staggering paper loss of over $1 billion following the 2022 bear market, the company’s Bitcoin investment recently turned profitable as the cryptocurrency recently hit a new 10-month high of $30,163.
