Microstrategy, a bitcoin-accumulating business intelligence software company, is known to have 129,218 bitcoins.
It is estimated to be worth $6 billion (at current prices). MicroStrategy is the largest publicly traded BTC holding firm.
On several occasions, CEO Michael Sayer stated that the corporation has no plans to sell the king currency and intends to hold bitcoin for the long term.
The study appears to imply that MicroStrategy first began selling some of its bitcoin assets in a thread on Twitter.
On April 21, 2022, a Twitter account called “Oz, CEO of Altson” stated that the corporation had sold its bitcoin.
However, it is worth noting that there has been no official confirmation from Saylor as of now.
In recent transactions from the main custodial wallet, more than 1500 bitcoins were transmitted to a secondary address. The bitcoins were reportedly transmitted from their main address to an address that sold BTC on controlled exchanges such as Coinbase and OKEx.
Given MicroStrategy’s massive BTC acquisition, the amount now sold is less than the company’s overall holdings.
But, as the Twitter user pointed out, “Selling $63 million worth of bitcoin is one thing, and because they publicize their buys, they should also announce their sell actions. The linked address totaled 8k BTC.” sold more.
Explanation
Needless to say, this news sparked a flurry of baseless rumors and speculations about the software firm.
Some well-known people reprimanded Oz for his tweet, claiming that the information was not entirely accurate. In fact, prominent BTC proponent Jameson Lopp called the user “a fool” on Twitter.
Whatever the case, here are some facts to consider. When the corresponding address, “1P5ZED,” was entered in the block explorer oxt.me, two annotations appeared. Both of these things can be linked to Bittrex, a global centralized exchange.
But one thing is certain: given Sailor’s past commitments, if this rumor turns out to be true, it will undoubtedly damage the firm’s reputation.