Key facts:
The company informs that they will offer a 50% discount on all payments in BTC.
“We believe that bitcoin will lead the world to a better future,” says Octagon Networks.
The number of companies that are adopting bitcoin (BTC) as a payment method and adding it to their treasuries is growing. A recent case is that of Octagon Networks, a cybersecurity research company based in Ethiopia and the United States that changed its entire balance to BTC.
This was announced in your blog last June 5. They add that will start accepting payments bitcoin and will offer a discount to encourage its use. The statement indicates that this discount will be 50%.
“We believe that bitcoin will lead the world to a better future. Bitcoin will help accelerate our other goals to bring high-quality cybersecurity solutions to the masses,” the statement mentions.
According to the company, who inspired them to have these ideas is MicroStrategyenterprise software company founded by Michael Saylor.
Why do companies invest in bitcoin?
The growing interest that companies have in investing in bitcoin may be due to the fact that envision a future of growing adoption. Faced with a limited supply (more than 21 million BTC will never be issued) the price of the cryptoactive would tend to increase. For this reason, although many of these companies are not dedicated to the world of cryptocurrencies, they decide to invest in this market.
In any case, those who make a decision like the Octagon Network’s should be aware that, in shorter periods, the high volatility of the cryptoactive could affect them.
The price of bitcoin is at USD 31,431, as recorded CoinMarketCap at the time of this writing. The leading cryptocurrency is in tenth place among the assets with the highest capitalization in the worldaccording to MarketCapwith almost 600 billion dollars.
MicroStrategy, the company that inspires Octagon Networks
According to the data that we can find in BitcoinTreasury, MicroStrategy is now ranked number one for companies, investment funds and governments with the most BTC in the world.
The company owns a cumulative amount of more than 129,000 bitcoinswhich would be more than 4 billion US dollars, according to the CriptoNoticias price calculator.
The company that follows in terms of holding BTC is Tesla, led by physicist Elon Musk, which has 43,200 BTC. In his last report, Tesla stated that believe in the potential of bitcoin long-term as an alternative method of investment.