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Microstrategy CEO removes rumors that the company is quietly selling Bitcoin – Featured Bitcoin News




The CEO of the Nasdaq-listed company Microstrategy has denied the rumor that his company has quietly sold bitcoin. He explained that as a company regulated by the Securities and Exchange Commission (SEC), changes in bitcoin holdings must be disclosed to shareholders via SEC filing.

Microstrategy’s CEO points out that any Bitcoin sale must be announced to the SEC and shareholders

This week, a rumor has been circulating on social media that the Nasdaq-listed pro-bitcoin software company Microstrategy has quietly sold its BTC.

Microstrategy CEO Michael Saylor tweeted on Friday to dispel the rumor. He explained that as a regulated company under the US Securities and Exchange Commission (SEC), Microstrategy is required to disclose any significant changes in the company̵[ads1]7;s strategy to shareholders via SEC filings.

In addition, the director stressed that SEC archives are public records that are “accessible to all.” He further noted that significant changes include acquiring and holding bitcoin as well as making changes to cryptocurrencies.

Microstrategy's CEO removes rumors of slow bitcoin sales

Bitcoin.com News published an article this week explaining why the rumor is untrue and the current BTC address is not owned by Microstrategy. The address is actually owned by a crypto exchange platform.

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

Saylor has been an ardent advocate for BTC. He has repeatedly said he will not sell his coins right away, noting that he will keep them for a hundred years.

In February, the head of Microstrategy said: “I see evidence of much more institutional adoption, greater adoption among macro and other hedge funds.” In December last year, he predicted that the price of bitcoin could reach 6 million dollars.

Earlier this month, his company spent $ 200 million more on acquiring bitcoin, increasing its total holdings to 129,218 BTC. Microstrategy received a bitcoin-backed loan to buy the extra coins.

What do you think about the rumor that Microstrategy has sold bitcoin? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.

Photo credit: Shutterstock, Pixabay, Wiki Commons





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