Saylor gives away BTC via lightning network Saylor gives away BTC via lightning network
Saylor sent 3 million sats (0.03 BTC) to winners of his Lightning meme contest.
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Updated: May. 25, 2023 at 2:13 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin maximalist Michael Saylor used the Lightning network to send 3 million sats (0.03 BTC) to three winners of his Lightning meme contest.
Crypto researcher Eric Wall shared a Twitter pool asking if Michael Saylor has completed more than three Lightning transactions.
Being a vocal Lightning network advocate, Saylor replied to the pool with a “Yes” and offered to send some bitcoin sats to winners of his Lighting meme contest.
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
The contest which ended on Oct. 5, saw @ShireHODL.@NEEDcreations,& @publordhodl emerge as the winners. Saylor sent each of the winners 1 million sats (approx. $203) via the Lightning network.
Congratulations are in order to @ShireHODL, @NEEDcreations, & @publordhodl, the winners of our #Lightning⚡️ meme competition. Each has received 1,000,000 sats, delivered via the Lightning network in a few seconds. https://t.co/wiBTW6jhgk
— Michael Saylor⚡️ (@saylor) October 6, 2022
@ShireHODL said he was looking to digitize the meme experience and turn his stats into a digital collectible.
Next steps: Frame with print of Saylor’s original tweet, my meme, announcing winners tweet and this satscard. Should do the same @NEEDcreations and @publordhodl. Has anyone else ever received sats from Saylor? Could be a collectible. Only three 😁
— Shire (@ShireHODL) October 6, 2022
Saylor on Lightning Network
Since leading MicroStrategy to purchase its first Bitcoin on Aug. 11, 2020, Saylor has been bullish on any infrastructure proven to help bitcoin reach mass adoption.
Saylor has maintained that the Bitcoin Lightning Network is the most important technology being developed today as it has the potential to scale bitcoin to billions of customers globally while leveraging the time-tested security of the Bitcoin layer.
Saylor’s MicroStrategy is working to develop a Lightning Network-based platform that will offer a Lightning wallet, enterprise servers, and enterprise authentication.
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Michael Saylor is the Executive Chairman, founder, and principal shareholder of MicroStrategy.