Octagon Networks converts its entire balance sheet into bitcoin.

June 6, 2022

Cybersecurity firm Octagon Networks has converted its liquid assets and entire balance sheet into Bitcoin. 

The cybersecurity firm also announced to accept Bitcoin payments for all of their services, with a 50% discount when paid in Bitcoin.

The company claims it is the first ever cyber security company to convert all of its assets into Bitcoin and to accept Bitcoin payments.

The cybersecurity firm cited Microstrategy as its inspiration to implement this model.

Based in Addis Ababa, Ethiopia, the cybersecurity firm has now expanded into the US and other countries.

Currently, the leading cryptocurrency bitcoin is changing hands at just above $31,000,

Bitcoin finally broke its nine week long record streak of red candles on Monday.