MicroStrategy, a business intelligence firm and one of the largest holders of Bitcoin, believes that the cryptocurrency market is bottoming out and that a Bitcoin rally is on the horizon. Michael Saylor, the former CEO of MicroStrategy, cites several factors that could drive BTC to new highs in 2023, including favorable regulations from the SEC and CFTC, the upcoming halving event, and the potential for capital to flow from altcoins to BTC. Saylor also remains bullish about the Ordinals platform, which allows users to attach files to Satoshis, and believes that it will help propel Bitcoin towards new highs. Despite recent price contractions, Bitcoin remains within a bullish formation and could potentially see significant gains in the future.

MicroStrategy, a publicly traded software company known for its investment in bitcoin, has expressed support for a proposal from the Financial Accounting Services Board that would allow firms to use fair-value accounting for cryptocurrency held on their balance sheets. Currently, the company has to use the original purchase price and record cumulative impairment charges, resulting in its bitcoin holdings being valued at only $2 billion on its balance sheet, half its fair market value. MicroStrategy believes that reporting crypto asset holdings under a fair value model would provide investors with a more relevant view of its financial position and the economic value of its bitcoin holdings. The FASB is currently accepting feedback on the proposal until June 6.

MicroStrategy's Michael Saylor believes that bitcoin has bottomed and is now on a new bull run. He attributes this to factors such as the halving of bitcoin, increased adoption of the cryptocurrency, and regulatory crackdowns that will weed out competitors. Saylor also notes the significance of recent proposals for crypto accounting and reporting standards, which could lead to further mainstream adoption. Additionally, he highlights the bullish potential of Ordinals protocol activity on Bitcoin's network. Despite some growing pains in the industry, Saylor remains optimistic about bitcoin's future prospects.

Michael Saylor, co-founder and executive chairman of MicroStrategy, has become one of the few Bitcoin maximalists to publicly embrace Ordinals. Ordinal inscriptions are similar to NFTs and allow for arbitrary and non-financial information, such as images, to be included on the Bitcoin blockchain.

Tether's recent decision to invest in Bitcoin on a monthly basis has put it in competition with MicroStrategy and could potentially cause market volatility. CryptoSlate's market report provides an in-depth analysis of this move and its potential impact. The report also highlights the implications of Tether's Bitcoin investment strategy.

MicroStrategy's Executive Chairman Michael Saylor has expressed interest in the Ordinals protocol and its potential for software innovation. Ordinals, which launched in January, has been used to create NFT-like assets on top of Bitcoin and has sparked experimentation with the cryptocurrency. Saylor believes that the development of applications building on Bitcoin's functionality could bolster the coin's overall adoption and corporate security. He also emphasized the importance of not censoring certain uses of Bitcoin, stating that altering the protocol to do so would be inconsistent with the values of the community.

MicroStrategy, the tech company led by Michael Saylor, has announced plans to develop its own crypto portfolio designed for businesses. The portfolio will be based on both the Bitcoin network and its second layer, Lightning Network. MicroStrategy aims to offer a better experience in the use of cryptocurrencies, especially for societies that have not yet adopted them, and promote the adoption of Bitcoin as a means of payment. Analysts suggest that MicroStrategy may have the assets necessary to supplant crypto platforms like Coinbase, which is facing pressures from the SEC. If successful, the MicroStrategy portfolio may attract more employees and lead to the decline of existing exchanges.

MicroStrategy founder Michael Saylor has revealed plans to launch Bitcoin-related products in the near future, including a product that will provide a Bitcoin wallet and Lightning address to corporate account holders. Saylor believes that the Lightning Network will help scale transactions more efficiently and ultimately increase Bitcoin adoption. Despite being a software firm, MicroStrategy has accumulated over 140,000 BTC and continues to purchase more, inspiring other fintech companies to expand their offerings to include cryptocurrencies. There is no mention of a list of updated crypto presale projects or Telegram channels in the original text.

MicroStrategy, a business intelligence company, is increasing its efforts to incorporate Bitcoin's layer 2 scaling solution, Lightning Network, this year. The company plans to develop a product that will provide a Bitcoin wallet and Lightning address to every corporate account holder, making it easier to develop and deploy Bitcoin rewards applications to employees, customers, prospects, and partners. The Lightning Network is a payment protocol that enables off-chain transactions, increasing payment throughput and reducing transaction fees. MicroStrategy has also continued to purchase Bitcoin and currently holds the largest corporate amount of the asset.

The popularity of Ordinals has caused chaos in the Bitcoin ecosystem, resulting in skyrocketing transaction fees and network congestion. However, this development has been a blessing in disguise for Bitcoin miners, who earned a total of $17.75 million in revenues on May 8th due to the surge in fees. The increase in Ordinals transactions has also led to a doubling of daily inscriptions in just ten days, with text-type ordinals taking over their image counterpart in market share. While not all Bitcoin advocates are happy with the success of Ordinals, MicroStrategy co-founder Michael Saylor believes it could be a catalyst for Bitcoin's adoption.