- Former MicroStrategy CEO will offer Satoshis in a giveaway.
- Decision comes following Eric Wall’s comment on Twitter.
- Crypto market is struggling to recover amid the crypto winter.
Free Satoshis Giveaway by Michael Saylor
Michael Saylor, former CEO of the Bitcoin accumulator firm MicroStrategy, engaged in a debate concerning the Lightning Network with Eric Wall, Arcane Assets CIO. The Bitcoin Whale announced a BTC giveaway to some selected users. The conversation started with Wall raising questions whether Saylor has made even three transactions on the Lightning Network in his life.
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
— Michael Saylor
This provoked Michael to announce that he will initiate three more transactions including 1,000,000 Satoshis to the ones posting memes regarding Lightning Network on Twitter. He will decide the winners depending on total engagements on the Tweets. The dominos started to fall following Saylor’s announcement regarding MicroStrategy’s development concerning a SaaS on Lightning Network.
Michael Saylor has officially left MicroStrategy as the Chief Executive Officer but still serves as the executive chairman of the organization. As of now, MicroStrategy has 130,000 Bitcoin in their treasury. The company is accumulating the top digital asset since August 2020. The organization remains the biggest BTC holder to this date.
Bitcoin has failed to recover since crypto winter’s arrival this year. The asset has shed more than 70% in its value since its all-time high in November 2021. It rallied to reach the $69,000 mark but is under consolidation since September 2022. Crypto Winter began with the collapse of TerraUST.
This gave rise to the liquidity events involving 3AC, Voyager, and Celsius. Three Arrows capital stated that they were not aware of the LUNA crash at the time of borrowing the loan.
As of this writing, Bitcoin was exchanging hands at $20,259, uptrending by around 1% in the past 24 hours.
Source: https://www.thecoinrepublic.com/2022/10/06/michael-saylor-announces-satoshis-giveaway-on-twitter/