The cybersecurity firm, Octagon Networks, has converted its entire balance sheet into Bitcoin. It will also take bitcoin as payment for all its services, making it the first cybersecurity company to do so.
Headquartered in Addis Ababa, the firm has announced that it “has finished the process of converting its liquid assets and entire balance sheet into Bitcoin.”
Octagon Networks wants to promote Bitcoin payments by offering a 50% discount on Bitcoin transactions.
The company’s Bitcoin strategy is inspired by Michael Saylor’s MicroStrategy analytics platform.
Also read: Michael Saylor Says MicroStrategy Will Never Sell Its Bitcoin
Stating, “We believe Bitcoin will lead the world toward a better future”, making it very clear that Octagon Networks has always admired Bitcoin’s ongoing contributions to humanity.
Further, it believes it could “help tackle the complicated bureaucracy involved with acquiring international customers and talent.”
Octagon is a cybersecurity research and development company made up of remote hackers and software engineers from all over the world. Octagon has helped secure over 1.5 million global devices in just six months of operation.
