Ledger wants to help MicroStrategy secure its $400m Bitcoin treasury
Cointelegraph
Published Oct 12, 2020 05:19PM ET
Updated Oct 13, 2020 09:00PM ET
Ledger is mostly known for its consumer-facing hardware wallets, but since last year, a number of enterprises have also begun to use Ledger Vault, according to the company’s vice president of product, Jean-Michel Pailhon. This product is focused on providing custody solutions to enterprise clients. In fact, the Ledger team is currently trying to sell MicroStrategy on the advantages of its product.
MicroStrategy is a business intelligence company that made a splash in August 2020 by converting a large portion of its treasury into Bitcoin (BTC). More recently Square, who just acquired $50 million worth of Bitcoin, developed an in-house open-source SubZero framework to secure its assets.
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Written By: Cointelegraph
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