Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin – The CEO of Microstrategy, a Nasdaq-listed business, has debunked rumors that his company has been discreetly selling bitcoin. Changes in bitcoin ownership must be notified to shareholders via SEC filings, he noted, as a firm regulated by the Securities and Exchange Commission (SEC).
A report started circulating on social media last week that Microstrategy, a Nasdaq-listed pro-bitcoin software company, had been quietly selling its BTC.
Microstrategy CEO Michael Saylor debunked the claim on Twitter on Friday. Microstrategy is obligated to report any major changes in corporate strategy to shareholders via SEC filings as a regulated corporation under the US Securities and Exchange Commission (SEC).
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Furthermore, the executive underlined that SEC filings are public records that are “open to the public.” Acquiring and retaining bitcoin, as well as making modifications to crypto assets, are examples of significant changes, according to him.
The claim is false, and the BTC address in question is not owned by Microstrategy, according to an article published last week. A crypto exchange site is most likely the owner of the address.
While some individuals appreciate Saylor’s statement, others remain unconvinced, preferring to believe the rumor that Microstrategy is selling bitcoin. Saylor has been a strong supporter of BTC. He has stated several times that he will not sell his coins any time soon, claiming that he will keep them for a century.
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“I see signs of a lot more institutional adoption, increased acceptance among macro and other hedge funds,” the Microstrategy CEO stated in February. He anticipated that the price of bitcoin would hit $6 million in December of last year.
His company spent another $200 million on bitcoin earlier this month, bringing its total holdings to 129,218 BTC. To buy the extra coins, Microstrategy took out a bitcoin-backed loan.