bitcoinBTC/USD
$ 20,176.00
ethereumETH/USD
$ 1,137.77
tetherUSDT/USD
$ 0.99839
cardanoADA/USD
$ 0.455284
xrpXRP/USD
$ 0.325658
usd-coinUSDC/USD
$ 0.998461

Michael Saylor Denies Claims that MicroStrategy is Considering Selling its BTC

Michael Saylor, chairman, and CEO of MicroStrategy, has denied reports that the company is discreetly liquidating its Bitcoin (BTC) holdings.

Michael Saylor, chairman, and CEO of MicroStrategy, has denied reports that the company is discreetly liquidating its Bitcoin (BTC) holdings.

Saylor emphasized via his Twitter account that MicroStrategy is mandated by law to file all transactions with the Securities and Exchange Commission (SEC) as it is a publicly-traded corporation. 

Allegations of Microstrategy liquidating its Bitcoin (BTC) holdings surfaced following the movement of a considerable sum of the flagship digital asset by an address described as “1P5ZED.” Analysts and Bitcoin (BTC) aficionados believe that the whale was most probably a cryptocurrency exchange or MicroStrategy.

Michael Saylor highlighted in his tweet that shareholders would be told if Bitcoin (BTC) was liquidated, and besides, MicroStrategy is dedicated to forever keeping its Bitcoin (BTC) holdings and never selling them. His exact words were: “Not sure who needs to know this, but when $MSTR makes any material change to its corporate strategy (to acquire & hold Bitcoin) or to its Bitcoin holdings, we disclose this to our shareholders via SEC filings, available to all.” 

Saylor has surfaced as a major advocate of cryptocurrencies, spearheading institutional investment in Bitcoin (BTC), and even though the asset is quite volatile, Saylor has maintained a bullish attitude in relation to the potential of Bitcoin (BTC).

Saylor emphasized that MicroStrategy intends to keep investing in Bitcoin (BTC) with the expectation of mass adoption. This is in response to the recommendation of the Securities and Exchange Commission (SEC) that the company change its reporting in upcoming filings in light of the significant volatility of the asset. MicroStrategy, which is widely regarded as having paved the road for institutional investors to invest in Bitcoin (BTC), is preoccupied with identifying revenue streams for the asset’s accumulation.

MicroStrategy has increased its Bitcoin holdings to about 130,000 BTC after investing an extra $200 million via a loan. The bullish attitude towards Bitcoin (BTC) is attributed to the strong conviction of Michael Saylor that the flagship cryptocurrency is instrumental in addressing some of the problems in the existing financial system, paving the way for new and more efficient solutions. 

As per Saylor, Bitcoin (BTC) is a vital hedge against inflation, leaving behind even gold and the Nasdaq among the foremost conventional commodities.

Also read:

Related News

The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan.

The Withdrawal Limit Temporarily Reduced by CoinLoan

The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan. The corporation cited the present market crash as the reason for the decision. Due to the change, customers are now limited to a $5,000 maximum withdrawal limit each day. In their announcement, they noted the following: “the interest we pay on the Interest Accounts is yielded by issuing overcollateralized loans to other platform users. Hence in some

Read More »
The price may perhaps clear the $1,200 obstacle above the next significant resistance, which is located close to the $1,180 zone.

New Surge in Sight As Ethereum (ETH) Gathers Momentum

Following a period of stability at $1,000 versus the US Dollar, Ethereum (ETH) enters a new uptrend. Above the $1,150 barrier level, Ethereum (ETH) can move much higher. Near the $1,070 region, the pricing was able to overcome a few significant obstacles. Even the 61.8 percent Fib retracement level of the significant decline from the swing high of $1,235 to the low of $997 was tested by the price. The

Read More »
How Much Will The Bitcoin Price be In 2025 - Bitcoin Analysis 2025

How Much Will The Bitcoin Price be In 2025 – Bitcoin Analysis 2025

Bitcoin (BTC), the world’s first and most successful cryptocurrency, has had quite a history in terms of price. The majority of people had not anticipated that Bitcoin can reach as high as it reached during the bullish run of 2021. Precisely, BTC reached $64,000 in April of 2021, reaching the milestone of $1 trillion in market capitalization. Most believe that one of the main reasons  BTC had this extraordinary bull

Read More »

My Coins

bitcoinBitcoin
$ 20,176.000.9%
ethereumEthereum
$ 1,137.771.1%
cardanoCardano
$ 0.4552842.19%
tetherTether
$ 0.998390.12%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org