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Thursday, February 16, 2023
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Microstrategy CEO Dispels Rumor of Firm Quietly Selling Bitcoin – Featured Bitcoin News


The CEO of the Nasdaq-listed firm Microstrategy has dispelled the rumor that his firm has been quietly promoting bitcoin. He defined that as an organization regulated by the Securities and Exchange Commission (SEC), modifications in bitcoin holdings should be disclosed to shareholders by way of SEC filings.

Microstrategy’s CEO Points Out Any Bitcoin Sales Must Be Publicly Disclosed to SEC and Shareholders

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

Microstrategy CEO Michael Saylor tweeted Friday dispelling the rumor. He defined that as a regulated firm underneath the U.S. Securities and Exchange Commission (SEC), Microstrategy is required to reveal any materials modifications in company technique to shareholders by way of SEC filings.

In addition, the manager emphasised that SEC filings are public data which are “available to all.” He additional famous that materials modifications embody buying and holding bitcoin in addition to making modifications to crypto holdings.

Microstrategy CEO Dispels Rumor of Quietly Selling Bitcoin

Bitcoin.com News revealed an article this week explaining why the rumor is unfaithful and the BTC tackle in query just isn’t owned by Microstrategy. The tackle is in actual fact seemingly owned by a crypto trade platform.

While some folks admire Saylor’s clarification, some are nonetheless skeptical, selecting to consider that the rumor of Microstrategy promoting bitcoin is true.

Saylor has been an avid proponent of BTC. He has repeatedly mentioned that he is not going to promote his cash anytime quickly, noting that he’ll maintain them for 100 years.

In February, the Microstrategy boss mentioned: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds.” In December final 12 months, he predicted that the value of bitcoin might attain $6 million.

Earlier this month, his firm spent $200 million extra on buying bitcoin, elevating its whole holdings to 129,218 BTC. Microstrategy obtained a bitcoin-backed mortgage to buy the extra cash.

What do you concentrate on the rumor that Microstrategy has been promoting bitcoin? Let us know within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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