MicroStrategy Quietly Selling Bitcoin

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Key Takeaways:

  • Its founder said they would never do so but has reportedly sold 1500 Bitcoins.
  • Net sold value is over $63 Million.

MicroStrategy is an American company. According to our sources, we could find out that MicroStrategy has been selling bitcoin without telling anyone.

Michael Saylor said he would never do so, but as per our sources, yesterday he sold more than 1500 bitcoins.

From MicroStrategy’s main address, bitcoins have been sent to a secondary address that has been using Coinbase and Okex to sell bitcoins.

Main custodial address: 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

Secondary custodial address: 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR

Although the amount sold yesterday is insignificant compared to MicroStrategy’s holdings, selling $63M worth of bitcoin is a thing and since they announce their purchases. YTD they have sold more than 8k bitcoins.

MicroStrategy is a publicly traded company that sells enterprise software and cloud-based services, but CEO Michael Saylor claims it is also the first and only bitcoin spot exchange-traded fund in the United States.

Saylor founded MicroStrategy in 1989, and the company has been adding bitcoin to its corporate balance sheet for the past two years. At an average price of $30,700, the business has spent over $4 billion on bitcoin.

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Chaahat Girdhar
Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.

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