MicroStrategy Employed New Developer to Enhance BTC Maximalism
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Job Advertisement on MicroStrategy Website
According to a job advertisement on the MicroStrategy website, the new engineer would be in charge of developing a Lightning Network-based platform to handle business cybersecurity issues and allow new e-commerce use cases. The applicant should possess an adversarial attitude, credentials, expertise with decentralized financial systems, and an understanding of tools and programming languages.
The 1989-founded company MicroStrategy started accumulating Bitcoin in August 2020, and as of this writing, it had 130,000 BTC in reserve, which is worth $2.57 billion. On September 20, it was revealed that the last 301 BTC of its assets would be purchased for around $3.98 billion. Recently, the long-term profitability of bitcoin dropped to a four-year low. Currently, MicroStrategy owns 0.62% of every Bitcoin that will ever exist.
Michael Saylor - Well-Known Bitcoin Maximalist
Michael Saylor, the former CEO and co-founder of MicroStrategy, is well known for being a Bitcoin maximalist and supporter of digital currency. On August 2, Saylor submitted his resignation as CEO, but he is still the executive chair of the business. Saylor said the modification would:
"Enable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business."
The Washington, DC attorney general's office filed a lawsuit against Saylor and MicroStrategy at the end of the same month, accusing them of tax fraud.
Bitcoin Getting Stronger After Merge
Michael Saylor asserted that the Ethereum blockchain's software upgrade boosts the possibilities for the most well-known cryptocurrency in the world. To safeguard its network, Ethereum recently shifted from the energy-guzzling Proof-of-Work process that Bitcoin is still employing to a Proof-of-Stake strategy.