Octagon Networks converts its entire balance sheet into Bitcoin

Saturday, June 4th

Octagon Networks has finished the process of converting its liquid assets and entire balance sheet into Bitcoin. We will also start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.

As security researchers, engineers, and hackers distributed across countries, we have always admired Bitcoin’s ongoing contributions to the advancement of humanity, and now appreciate how it has opened the door for us to expand our work into cyberspace. We are by no means a big company, but as far as we know, we are the first cyber security company to convert all of its assets into Bitcoin and to accept Bitcoin payments.

We believe Bitcoin will lead the world toward a better future. Bitcoin will help accelerate our other goals to bring high-quality cybersecurity solutions to the masses and help tackle the complicated bureaucracy involved with acquiring international customers and talent. Our inspirations for these ideas are many, but our implementation of this specific model was inspired by MicroStrategy Inc.

For those of you who don’t know, Octagon Networks is a cyber security research and development company with mostly remote workers. Since we started, we have grown and expanded to employ many extremely talented ethical hackers and software developers in the US and across the globe.

In less than six months since we started Octagon Networks, we have made various free contributions to help secure over 1.5 million devices globally. In this short time, we have responsibly reported and disclosed widely spread critical vulnerabilities affecting web servers, applications, Network Attached Storage, and other internet-of-things devices both in private and by publicizing some of our findings on our blog. As a final word, we’d like to say: the future is bright with Bitcoin.