Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin – Featured Bitcoin News

Microstrategy CEO has refuted the notion that the company had been selling bitcoins. Microstrategy is regulated under the Securities and Exchange Commission. Any changes to bitcoin holdings should be reported via SEC filings.

Microstrategy’s CEO Points Out Any Bitcoin Sales Must Be Publicly Disclosed to SEC and Shareholders

Rumours have been swirling on social media this week that Microstrategy, the Nasdaq-listed company for pro-bitcoin software, has been selling off its BTC.

Microstrategy CEO Michael Saylor tweeted on Friday to dispel the rumor. Microstrategy, a regulated business under the U.S Securities and Exchange Commission (SEC), is obliged to inform shareholders of any material changes to its corporate strategy via SEC filings.

In addition, the executive emphasized that SEC filings are public records that are “available to all.” He further noted that material changes include acquiring and holding bitcoin as well as making changes to crypto holdings.

Bitcoin.com News has published an article explaining that the rumor about the BTC address is false and Microstrategy isn’t the owner. It is likely that the address belongs to a cryptocurrency exchange platform.

While some people appreciate Saylor’s clarification, some are still skeptical, choosing to believe that the rumor of Microstrategy selling bitcoin is true.

Saylor was a strong advocate of Bitcoin. Saylor has stated repeatedly that he won’t sell his coins soon and that he intends to keep them for 100 years.

In February, the Microstrategy boss said: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds.” In December last year, he predicted that the price of bitcoin could reach $6 million.

The company invested $200 million more in bitcoin acquisitions earlier this month. It now holds 129,218 BTC. Microstrategy was able to obtain a loan backed by bitcoin for the purchase of additional coins.

Do you agree with the claim that Microstrategy is selling bitcoins? Please comment below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.