Welcome to the second issue of Stack Sats. This is a weekly letter highlighting Bitcoin and Lightning Network developments, as well as new tools you can use to start stacking sats.

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Lightning Network Metrics

Public Capacity: 4,788 BTC (+88 BTC)

Channels: 86,452 (-117)

Nodes: 17,810 (-5)

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Lightning Product Updates

Slice launched a browser extension that helps you stack sats for viewing ads while browsing the internet
Satsoverflow launched a platform that helps anyone stack sats for answering other people’s questions
Bitcoin Fax launched a platform for sending faxes anywhere in the world using Lightning payments and no sign-up process
LN Capital released a first issue of their Lightning Report, highlighting a handful of metrics for routing node operators
Stacker News released an update to their rewards system as a stepping stone to offering trophies for the top posts, comments, and upvoters on a given day

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Lightning Raise Announcements

Neutronpay raised $2.25M to disrupt legacy payment systems using the Lightning Network in Vietnam & Southeast Asia

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Bitcoin Updates

MicroStrategy filed a prospectus after market close last Friday to issue up to $500 million of stock. They mention Bitcoin as a possible use of proceeds.
I expect we’ll hear updates from MicroStrategy in the coming weeks that they’ve issued the full $500 million, and that they’ve made another Bitcoin purchase.
At current prices, they could pick up another 25,500 BTC. That would raise their total holdings to 155,208 BTC, roughly 0.75% of all Bitcoin in existence.

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Podcasts & Clips

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Stack Sats

Last week I launched Stack Sats, a directory of 50+ tools you can use to stack sats today
I wrote an in-depth guide explaining how to stack sats on Stacker News
This weekend I’m writing another detailed guide outlining how to stack sats on Fountain

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Stack Sats #2

September 16, 2022

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