MicroStrategy takes its BTC maximalism to the next level with new engineer hire

Published at: Sept. 30, 2022

MicroStrategy, the business intelligence and tech company that holds the world’s largest Bitcoin reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning Network-based software-as-a-service platform. 

The new engineer will be responsible for building a Lightning Network-based platform to address enterprises’ cybersecurity challenges and enable new e-commerce use-cases, according to a job posting linked to the MicroStrategy website. Besides “an adversarial mindset,” the successful applicant will have certificates, knowledge of tools and programming languages, and experience with decentralized finance (DeFi) technologies.

MicroStrategy is looking to hire a Bitcoin Lightning Software Engineer to build a Lightning Network-based SaaS platform. #bitcoin pic.twitter.com/XFYrkIaFA9

— Neil Jacobs (@NeilJacobs) September 30, 2022

MicroStrategy, founded in 1989, began a Bitcoin (BTC) buying spree in August 2020 that has culminated in a reserve of 130,000 BTC, worth $2.57 billion at the time of writing. The purchase of the final 301 BTC of its holdings was announced Sept. 20. It paid around $3.98 billion for the entire reserve. Bitcoin profitability for long-term holders recently hit a four-year low. MicroStrategy now holds 0.62% of all the BTC that will ever exist.

MicroStrategy cofounder and former CEO Michael Saylor is well known as a Bitcoin maximalist and defender of the cryptocurrency. Saylor resigned as CEO on Aug. 2, but remains the executive chair of the company. Saylor said the change would:

“Enable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business.”

Saylor and MicroStrategy were sued at the end of the same month for tax evasion by the Washington, DC attorney general’s office.

Related: How high transaction fees are being tackled in the blockchain ecosystem

The Lightning Network is the Bitcoin layer 2 protocol designed to raise payment throughput and lower transaction fees. It has been making slow progress facilitating peer-to-peer transactions since it debuted in 2018.

Tags
Bitcoin
Lightning Network
Microstrategy
Related Posts
Michael Saylor snubs claims he doesn’t use Bitcoin Lightning Network
Executive chairman of Microstrategy, Michael Saylor, does not like to be called out. He responded to a poll shared by Eric Wall, a crypto researcher, that suggested he had not used Bitcoin’s (BTC) layer-2 Lightning Network more than three times with a Twitter poll of his own. The correct answer is Yes, and I will make three more transactions of 1,000,000 sats each to the 3 posters of the most liked #Lightning⚡️ memes in the comments below. https://t.co/qXZ90q4Ly9 — Michael Saylor⚡️ (@saylor) October 4, 2022 Saylor replied to the poll with a resounding yes, and kickstarted a meme competition with …
Bitcoin / Oct. 5, 2022
MicroStrategy to offer Bitcoin Lightning solutions in 2023
MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023. In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as solutions that “support” enterprise marketing as well as a cybersecurity solution aimed at corporate websites. The Lightning Network is a layer-2 payment protocol layered on top of Bitcoin’s blockchain that allows for off-chain transactions, raising payment throughput and lowering transaction fees. The business intelligence and tech company, known for its massive Bitcoin holdings, has been …
Adoption / Dec. 29, 2022
Microstrategy Bitcoin purchase divides the crypto community
Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move. In a recent tweet, MicroStrategy’s executive chairman Michael Saylor announced that the firm had made another Bitcoin purchase. The move puts the firm’s total BTC holdings at 132,500 BTC, purchased for a total of $4.03 billion but worth only around $2.1 billion at the time of writing. Many commended the move, while some brought up some potential negative effects. Michael Saylor, you are a rock star. Your mission Jim aka Michael Saylor, if you choose to …
Bitcoin / Dec. 29, 2022
Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping
Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week's volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed's interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between $43,000 and $44,300 during the early trading hours on Sept. 23, the price of Bitcoin (BTC) spiked above $44,800 in the early …
Bitcoin / Sept. 23, 2021
Lightning Labs Launches Lightning Network Client for Main Bitcoin Network
Blockchain development company Lightning Labs announced that it released the first alpha version of its Lightning Network (LN) client for the main bitcoin (BTC) network, according to a blog post published on April 23. The announcement specifies that this is still an early version aimed at testers and developers willing to start experimenting with the software. The developers also warn that the users should not put more funds into the app than they are willing to lose. Furthermore, while the release supports macOS, Windows and Linux, the post also specifies that it is an important stepping stone in the development …
Blockchain / April 24, 2019