People Curious to Know if Microstrategy is Selling Bitcoin (BTC)

There were rumours about Michael Saylor secretly planning to sell Bitcoin. And, obviously the social media went buzz with the news.

Peter Schiff:  I’ve been reading some articles about Saylor pumping and secretly dumping his Bitcoin. While this is certainly the smart thing to do, it’s highly unethical, and given his position at Microstrategy may even be illegal. I wonder if there is any truth to these rumors. Thoughts?

Michael Saylor:  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 filings, available to all.

Criticism:  You Sold? Yes or No?

The people that need to know this are the people who are speculating you are selling.

Saylor, if you have to tell your investors this. Should they really be investing in anything at all?

Not sure who needs to know this, but the SEC charged Michael Saylor with accounting fraud in 2000 for materially overstating MSTR revenues and earnings. Pumping Bitcoin sure helps recover some of that 8.3mm settlement. As for MSTR shareholders, well.

BTC doesn’t produce Free Cash Flow buddy.  You should have levered up to buy software business peers with high gross margin recurring revenue; not a digital pet rock with zero intrinsic value.

I think you should tell the public at what price you will sell your bitcoins.  A very convenient statement of future reference, which has me doubting conviction of ‘Hodling for 100 years!”

Saylor, welcome to the mini bear market, high possibility of testing your cost basis entry and we will see then how price action responds, you are a good man, but price action disagrees this year, at least until a clear uptrend is formed.

Saylor, wants you to be on the wrong side. HODL while price crashes.  Doesn’t matter to him, he uses MSTR debt/equity issuance to buy BTC and likely will do again when Crypto Tanks.  Do you have access to near zero% debt issuance and issue equity?

The blockchain confirms you’ve been dumping thousands of BTC. MSTR isn’t the one dumping, your LLC is, which you transferred the BTC to beforehand. So technically your tweet is true, but it’s very misleading.

Insiders have been dumping shares forever.  Only 27% of shareholders in profit. Some bag holders bought at $1300.

Microstrategy is selling their Bitcoin after moving to LLC.  They don’t have to tell anyone about it.

This statement does not deny that MSTR have sold bitcoin. One can only conclude from this that MSTR has not sold a “material” amount. What is the threshold for “material”?

Then, why the shelter LLC for MacroStrategy and why are they selling the shares privately without being disclosed?