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ThecoinrepublicNewsMichael Saylor Announces Satoshis Giveaway on Twitter
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Michael Saylor Announces Satoshis Giveaway on Twitter

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  • 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.

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.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
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