As it is known, MicroStrategy CEO Michael Saylor has been continuously for the last two years. bitcoin comes to the fore with purchases. However, one critic said that Saylor may be secretly selling thousands of BTC.
With 500 thousand followers, Mr. Critic Whale claimed that Michael Saylor may have been selling BTC for months in the background while telling people that they should borrow and buy BTC.
Saylor Lost $13.5 Billion In The Dot-Com Bubble and Faced Fraud Charges
Mr. Whale delves into Michael Saylor’s past and exposes his major investment failures in the ’90s.
With the bursting of the dot-com bubble in those years, Saylor allegedly lost $13.5 billion. According to Fortune magazine’s old records, Saylor had suffered the most in the dot-com bubble.
Mr. Whale described Saylor’s loss in those years:
“Saylor’s failure to invest was the result of negligent accounting practices, fraud, and generally very poor leadership. It seems that the valuation of their companies has improved only as they attract investors by following popular trends. Saylor, who was at the center of the dot-com bubble at the time, is now at the center of the Bitcoin bubble.”
In the 2000s, the SEC also accused Saylor of fraud. As a result, Saylor fined the SEC $350,000 and its shareholders $8.3 million.
MicroStrategy CEO Severely Criticizes Bitcoin In His Past Tweets
Mr. Whale also shared Michael Saylor’s old Tweets criticizing BTC. In some of his old Tweets, Saylor wrote that “BTC’s days are numbered” and that it “has no intrinsic value”.
Mr. Whale accused Saylor of causing a wave of excitement over Bitcoin, encouraging people to buy BTC and shares of his company.
In addition, the analyst said Saylor and insider investors in his company may be selling stocks at a high price.
“Michael Saylor Secretly Sells BTC”
As it is known, Saylor said in his statement that he has no plans to sell the BTCs he has for the next 100 years.
Mr. Whale claimed that Saylor is already selling their BTC. Mr. Whale also accused Saylor of directing people to buy BTC in September of 2021.
Mr. According to Whale, this was so Saylor could create enough liquidity to sell its own holdings. The analyst expressed his thoughts as follows:
Back in September of 2021, I warned investors that Michael Saylor might be selling his assets secretly. This has been confirmed to be the case this week. Michael Saylor transferred his BTCs to a secondary address, which uses Coinbase and Okex exchanges to sell BTC.
Mr. Whale claimed that Saylor has sold $63 million worth of BTC so far using this method, and said that the famous name also sells every time he buys BTC.
According to the analyst, Saylor, who opened a second company, transfers his BTCs to this company before selling, so he does not have to report his sales to the SEC.
*Not investment advice.