MicroStrategy To Unveil Bitcoin Lightning Solutions In Q1 2023: Saylor

Lavina Daryanani
Source: Michael.com

On 28th December, Michael Saylor and MicroStrategy announced that the company added 2,500 Bitcoins [worth $41 million] to its reserves. Presently, the firm holds 132,500 BTC which have been acquired for $4.03 billion or at an average price of $30,397 per BTC.

Now, on a Twitter Space a few hours back, the Executive Chairman of the Business-Intelligence (BI) company revealed his firm’s plan to release Bitcoin Lightning Network-powered software and solutions next year. He said,

“We have teams working on it and are looking to bring something out by next year. We expect to show something in the first quarter.”

Saylor noted that his transition from CEO to Executive Chairman aided the company’s Bitcoin arm to focus more on ways to buy, hold BTC and contribute to the ecosystem. Elaborating on the lightening network tangent, he said,

“We want to make it possible for any enterprise to spin up Lighting infrastructure in an afternoon. We want to plug it into enterprise technology and make it a marketing strategy for any forward-thinking CMO.”

He further added that the company is looking to onboard thousands of employees and customers. Towards the end of September, a job listing revealed that the firm was looking for an engineer for its Lightning Network-based products.

Read More: MicroStrategy to hire a Bitcoin Lightning Network Engineer

Additionally, Saylor revealed that the areas that MicroStrategy is exploring for Lightning services include online content monetization. It is also delving into enterprise marketing, web paywalls, and internal corporate controls. The Bitcoin proponent added that CMOs should be able to give satoshis as an incentive for customers to post reviews or give feedback.

State of Bitcoin’s Lightening Network

Over the course of 2022, the Bitcoin lightning network’s capacity has steadily been inclining. The capacity of the layer-2 payments solution crossed the 5000 BTC benchmark at the beginning of October. At press time, the capacity stood at 5100.

Simplistically, the lightning network aids users to send and receive Bitcoin faster with lower fees. A higher capacity usually connotes more liquidity. The latest feat has been attained at a time when Bitcoin’s price has failed to initiate a recovery, making it more like a “lightening fairytale.”

Source: lookintobitcoin

Also Read: Bitcoin Lightning Network capacity crosses 5000 BTC