- Octagon Networks has converted the entire balance sheet into Bitcoin.
- The company will also start accepting Bitcoin as payment for all services, offering 50% discounts to customers using BTC.
- Octagon said it influenced the specific business model MicroStrategy is adopting in its Bitcoin strategy.
Octagon Networks became the first cybersecurity company to convert the entire balance sheet to Bitcoin. statement You can find it on the Octagon website.
The company said its next goal is to allow Bitcoin payments for all services, while offering a 50% discount when paying with Bitcoin.
Octagon is a cybersecurity R & D team with offices in the United States and Ethiopia, but most often made up of remote hackers and software developers from around the world. In just six months since the company was founded, Octagon has helped protect more than 1.5 million global devices. Reporting and disclosure Serious vulnerability.
Starting with “I believe Bitcoin will lead the world to a better future,” the Octagon briefly shared the reasons behind the aggressive adoption of Bitcoin.
The company explained that there is “a lot” of inspiration for choosing this particular business model, but Octagon uses MicroStrategy, a software analytics company and the world’s largest owner of Bitcoin. It affected the particular implementation you chose to do.
In short, MicroStrategy’s model can be summarized as Bitcoin’s statutory debt.The company takes either one on a daily basis Bitcoin mortgage loan Also Fiat loan Buy Bitcoin and add it to your balance sheet.
Software analytics company has created a recent headline about the plans it offers 401 (k) This will allow employees to buy Bitcoin in their retirement portfolio through Fidelity.
Also MicroStrategy’s new CFO Andrew Kang handle The company’s Bitcoin strategy states that it is unpredictable when a company considers selling Bitcoin. Octagon’s entry into the new financial frontier is primarily inspired by MicroStrategy, but it has the potential to open up several new ways in the cybersecurity world.
