- Octagon Networks has transformed its complete stability sheet into bitcoin.
- The corporate can even start accepting bitcoin as fee for all companies, providing a 50% low cost to prospects utilizing BTC.
- Octagon mentioned MicroStrategy impressed the actual enterprise mannequin it’s adopting for its Bitcoin technique.
Octagon Networks has develop into the primary cybersecurity firm to transform its complete stability sheet into bitcoin, per a statement on Octagon’s web site.
The corporate mentioned its subsequent purpose is to allow Bitcoin funds for all companies whereas providing a 50% low cost when paid in bitcoin.
Octagon is a analysis and growth staff in cybersecurity with workplaces within the U.S. and Ethiopia, although it’s largely composed of distant hackers and software program builders internationally. Within the quick six months of the corporate’s existence, Octagon has helped to safe over 1.5 million world gadgets by reporting and disclosing vital vulnerabilities.
Octagon briefly shared its reasoning behind its aggressive adoption of bitcoin, beginning with “We imagine Bitcoin will lead the world towards a greater future.”
The corporate defined that its inspirations for selecting this particular enterprise mannequin “are many,” however MicroStrategy, a software program analytics firm and the world’s largest company holder of bitcoin, impressed the precise implementation Octagon selected to make use of.
The software program analytics firm has made latest headlines for plans to supply a 401(k) which can enable staff to buy bitcoin inside their retirement portfolios via Constancy.
Andrew Kang, MicroStrategy’s new CFO, additionally addressed the corporate’s Bitcoin technique saying that he can’t foresee a situation by which the corporate would contemplate promoting its bitcoin. Whereas Octagon’s entry into a brand new monetary frontier is essentially impressed by MicroStrategy, it is going to possible carve out some new strategies on this planet of cybersecurity.