Microstrategy CEO on Rumor of Company Selling Bitcoin

The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. 

CEO 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.

He Tweeted

filings, available to all.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

While some people appreciate Saylor’s clarification, some are still skeptical, choosing to believe that the rumor of Microstrategy selling bitcoin is true.

In February, the Microstrategy boss said: “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 $6 million.

Earlier this month, his company spent $200 million more on acquiring bitcoin, raising its total holdings to 129,218 BTC. Microstrategy obtained a bitcoin-backed loan to purchase the additional coins.

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