Chairman and CEO Michael Saylor of Microstrategy has denied reports that the business is secretly selling its Bitcoin holdings. As a publicly-traded firm, Microstrategy is required by law to file any transactions with the Securities Exchange Commission, according to Saylor’s Twitter account. After an address described as “1P5ZED” was involved in moving a considerable amount of Bitcoin, rumors regarding Microstrategy selling its Bitcoin stock arose. Saylor noted in his tweet that any Bitcoin sale would be announced to shareholders. It’s worth noting that Saylor has stated that the company’s Bitcoin holdings will never be sold. Not sure who needs to know this, but when $MSTR makes any material change to its corporate strategy (to acquire & #hodl bitcoin) or to its #bitcoin holdings, we disclose this to our shareholders via @SECGov filings, available to all. — Michael Saylor⚡️ (@saylor) April 22, 2022 Saylor has emerged as a significant crypto proponent driving institutional Bitcoin investment. Despite the asset’s volatility, Saylor remains optimistic about the asset’s future potential. Make a Plan to Keep Accumulating Bitcoin According to Finbold, Saylor stated that the corporation intends to continue investing in Bitcoin to expect widespread acceptance. Following the SEC’s recommendation that the company changes its disclosure in future filings due to extreme volatility, the company has done so. The company, which is widely see...
