The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling 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 filings.
Microstrategy’s CEO Points Out Any Bitcoin Sales Must Be Publicly Disclosed to SEC and Shareholders
This week, ahas been circulating on social media that the Nasdaq-listed pro-bitcoin software company Microstrategy has been quietly selling its .
Microstrategy CEO Michael Saylor tweeted Friday dispelling the rumor. He explained that as a regulated company under the U.S. Securities and Exchange Commission (SEC), Microstrategy is required to disclose any material changes in corporate strategy to shareholders via SEC filings.
In addition, the executive emphasized that SEC filings are public records that are “available to all.” He further noted that material changes include acquiring and holding bitcoin as well as making changes to crypto holdings.
Bitcoin.com Newsan article this week explaining why the rumor is untrue and the address in question is not owned by Microstrategy. The address is in fact likely owned by a crypto exchange platform.
While some people appreciate Saylor’s clarification, some are still skeptical, choosing to believe that the rumor of Microstrategy selling bitcoin is true.
Saylor has been an avid proponent of. He has repeatedly said that he will not sell his coins anytime soon, noting that he will hold them for a hundred years.
In February, the Microstrategy boss: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds.” In December last year, he predicted that the price of bitcoin could reach .
Earlier this month, his company spent $200 million more on acquiring bitcoin, raising its totalto 129,218 . Microstrategy obtained a bitcoin-backed to purchase the additional coins.
What do you think about the rumor that Microstrategy has been selling bitcoin? Let us know in the comments section below.