microstrategy His company and its CEO, Michael Saylor, are known to be the “bulls” of the crypto industry, and secretly selling the company or Saylor’s Bitcoins could spell shocking consequences for the entire cryptocurrency industry. So, are these claims circulating on social media true?
On a Twitter account and in a Medium article, Michael Saylor’s company has thousands of Bitcoin (BTC) He claimed to have sold it. In fact, the claim includes that at least 8,000 Bitcoins have been sold so far, with sales channeled through various wallets and exchanges.
The Twitter user explains that an address that he believes is the Microstrategy main address, through a secondary address, amounts of BTC are sent to exchanges.
According to the CoinCarp website, the Bitcoin address in question ranks third in the list of the 100 richest bitcoin addresses and holds more than 124,000 BTC.
This year, as of April 4, Microstrategy was holding around 129k BTC, so the amount actually turns out to be pretty similar to the amount in the wallet in question if a few thousand BTC had actually been sold.
By clicking on the address, the list of transactions can be seen and it can be seen that this particular wallet is indeed selling various amounts of Bitcoin.
However, some studies examining this address closely revealed that the first BTC was February 10, 2019. And this does not match the initial amount Microstrategy received on August 11, 2020.
The amount purchased was 21,454 tokens, so if the wallet in question is examined for this exact date, it can be seen that the wallet is holding around 56,000 Bitcoins, much more than Microstrategy’s initial purchase.
It seems Microstrategy and Michael Saylor faced unfounded allegations. This isn’t the first time this has happened, and it certainly won’t be the last.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.