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The move to offer a more direct value-added service for the broader crypto world will further bolster the relevance of MicroStrategy as not just an outfit with exposure to Bitcoin, but also as one contributing to its evolution.
According to the job description, the onboarded expert will help the firm in creating a Software-as-a-Service (SaaS) platform that will help businesses looking to make an entry into the digital currency ecosystem.
“As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a Lightning Network-based SaaS platform, providing enterprises with innovative solutions to cyber-security challenges and enabling new eCommerce use-cases,” the job description reads, detailing the role of the engineer.
MicroStrategy is one of the most bullish institutional backers of Bitcoin and the founder and Chief Executive Officer, Michael Saylor is best regarded as a Bitcoin Maximalist. Saylor led MicroStrategy to adopt Bitcoin as its primary reserve asset and since 2020, the firm has accumulated over 130,000 units of the premier digital currency for a total price of about $2.5 billion.
In today’s crypto ecosystem, MicroStrategy has occupied a very pivotal position as a major driver for the adoption of Bitcoin. Its push to onboard a software engineer to create enterprise solutions that can be adopted by its clients is considered yet another milestone for which the firm looks to support the development of the Bitcoin ecosystem.
According to the job posting, the Bitcoin Lightning Software Engineer will also come in handy in developing Decentralized Finance (DeFi) solutions, showing how the firm is now coming to terms with the general advances in the broader Web3.0 ecosystem.
“Experience building software solutions leveraging Bitcoin Blockchain and Lightning Network, or other Decentralized Finance (DeFi) technologies,” MicroStrategy said with respect to what the engineer’s focus will be, adding that he or she will also be making a “Contribution to Bitcoin Core, lnd, and other crypto and large open source projects.”
MicroStrategy and the Future of Bitcoin
Today, MicroStrategy is in deep losses with respect to the valuation of its Bitcoin holdings. However, the company’s executives have reiterated that their embrace of Bitcoin is for the long-term and the current bearish market turbulence has not shaken their resolve to accept that the move is a thoughtful one.
The move to offer a more direct value-added service to serve the broader crypto world will further bolster the relevance of MicroStrategy as not just an outfit with exposure to Bitcoin, but also as one contributing to its evolution.
The move from MicroStrategy may be emulated by other players and thus, drive a related frontline engagement among institutional players with a vested interest in the cryptocurrency ecosystem.