MicroStrategy intends to offer up to $750 million worth of stock, potentially for the purpose of acquiring BTC. The announcement triggered an increase in the price of Bitcoin.
MicroStrategy is considering selling up to $750 million worth of its stock, with the potential intention of acquiring BTC. As a result of this announcement, the price of bitcoin experienced a surge.
The Lightning Address protocol enables bitcoin transactions to be sent over the Lightning Network using a wallet identifier that looks like a traditional email address.
The current value of the company's bitcoin holdings is approximately $4 billion, with a total of 140,000 bitcoins held.
MicroStrategy must buy the dip because its reserve of roughly 129,699 BTC is currently experiencing an aggregate value loss of more than $1 billion.
Michael Saylor revealed that MicroStrategy is developing an in-house Lightning Network solution that will serve over 10 million customers.
The chairman said that the company is coming up with ways for big businesses to join the Lightning network.
Michael Saylor of MicroStrategy is said to have cheated the system. This doesn't mean that he will lose his bitcoin.
Owners of ApeCoin are now able to buy the renowned luxury brand's goods through Bitpay. Michael Saylor has a new job in the meanwhile.
Andrew Kang discussed MicroStrategy's bitcoin strategy with The Wall Street Journal on Wednesday.