All we’ve heard over the past two years is that MicroStrategy CEO Michael Saylor has been aggressively buying Bitcoin (BTC). However, one report suggests Saylor dumped thousands of his Bitcoins. Here are the details…
Does Microstrategy CEO sell Bitcoin holdings?
As we reported yesterday as Kriptokoin.com, a claim has been made that MicroStrategy CEO Michael Saylor may be selling the BTCs he bought over the past two years. Looking at the wallet information in which this claim was made, it was determined that the owner of the wallet in question was not Microstrategy. However, a well-known name in the cryptocurrency space, Mr. Whale published a report on Saylor and Microstrategy’s Bitcoin investment.
BTC critic Mr. Whale published a detailed report saying Saylor has been selling his BTC for months and has urged others to “put all their money in BTC”. Mr. Whale researched Saylor’s background and found that he stood out for his failed investments in the dot-com bubble of the late 1990s. Quoting an article from Fortune Magazine, Mr. Whale says Saylor lost $13.5 billion at the time. Mr. Whale’s report also includes the following statements:
Investment failures have come from years of negligent accounting practices, fraud, and generally terrible leadership. Obviously, their company’s valuation is solely based on their ability to attract hype by joining the popular “trends” we see with the Bitcoin bubble, and their eagerness to be at the center of the dot-com bubble.
Saylor was penalized by the SEC
In late 2000, the US regulator Securities and Exchange Commission (SEC) even accused Saylor of fraud. Saylor had to pay $350,000 to the SEC and $8.3 million to shareholders. Mr. Whale also revealed that, looking at Saylor’s old tweets, the CEO’s tweets vilified Bitcoin.
Whale accuses Saylor of creating hype. He also adds that Michael Saylor and those at his company may dump the stock at overvalued prices. He claims that Saylor has “no plans to sell BTC in the next 100 years” is a drama, that the CEO has an exit plan, and uses the following statements:
in September 2021 that investors Michael Saylor secretly sold his shares I warned you. This week, this has been confirmed to be true. Michael Saylor transferred his BTC to a secondary address that uses Coinbase and Okex to sell Bitcoin.
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