Microstrategy CEO Quietly Dispels Rumors That Company Is Selling Bitcoin – Bitcoin Featured News

The CEO of Nasdaq-listed Microstrategy has quietly dispelled rumors that his company is selling bitcoin. He explained that as a Securities and Exchange Commission (SEC) regulated company, changes in bitcoin holdings must be disclosed to shareholders via SEC filings.

Microstrategy CEO Suggests Any Bitcoin Sales Should Be Disclosed Publicly To SEC And Shareholders

This week, a rumor spread on social media that Nasdaq-listed Bitcoin software company Microstrategy is quietly selling BTC.

Michael Saylor, CEO of Microstrategy, tweeted Friday to dispel the rumor. He explained that as a company regulated under the US Securities and Exchange Commission (SEC), Microstrategy is required to disclose any material changes in the company’s strategy to shareholders via SEC filings.

In addition, the CEO emphasized that SEC filings are public records that are “available to all.” He also noted that physical changes include acquiring and holding bitcoin as well as making changes to cryptocurrency holdings.

Bitcoin.com News published an article this week explaining why the rumor was not true and that the BTC address in question was not owned by Microstrategy. The address is actually owned by the cryptocurrency exchange.

While some people appreciate Saylor’s explanation, some remain skeptical, choosing to believe Microstrategy’s rumor about selling bitcoin is true.

Saylor has been a staunch supporter of BTC. He has repeatedly said that he will not be selling his coins anytime soon, indicating that he will keep them for a hundred years.

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

Earlier this month, his company spent an additional $200 million acquiring bitcoin, bringing its total holdings to 129,218 BTC. Microstrategy obtained a loan backed by Bitcoin to purchase additional coins.

What do you think of the rumors that Microstrategy is selling Bitcoin? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been a missionary ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.