Crypto Hot News ‘MicroStrategy has been selling Bitcoin’- Decrypting the truth

Hot Crypto News Today ‘MicroStrategy has been selling Bitcoin’- Decrypting the truth You Must Read To Get More Information For Trading and Investment.

MicroStrategy, a Bitcoin-accumulating business-intelligence software company is known for holding a total of 129,218 Bitcoin. This is valued at about $6 billion (at the current price). And, MicroStrategy is accounted for the largest BTC holding public company.

CEO Michael Saylor asserted on several occasions that the company has no plans to sell the king coin and it wants to continue holding Bitcoin in the long term.

Or maybe not….?

In a thread posted on Twitter, the analysis seems to suggest that MicroStrategy started selling some of its Bitcoin holdings for the first time. On 21 April 2022, a Twitter account called “Ozz, CEO of Altseason,” tweeted a claim that the company sold its Bitcoin. However, it’s important to note that there has not been any official confirmation from Saylor’s end so far.

Recent transactions made from the main custodial wallet show that more than 1500 Bitcoin were sent to secondary addresses. Allegedly, from their main address, Bitcoin was sent to an address that used centralized exchanges such as Coinbase and Okex to sell BTC. The associated or rather the linked addresses were,

  • Main custodial address: 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
  • Secondary custodial address: 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR

Now, given MicroStrategy’s sheer total BTC acquisition, the amount sold is insignificant compared to the holdings. But ‘selling $63M worth of Bitcoin is a thing and since they announce their purchases, they should announce their selling activities too,’ the Twitter user asserted.

In all, the associated address sold over 8k BTC.

Calling this narrative out

Needless to say, the revelation caused a large amount of unfounded speculation and rumors about the software company.

Some renowned people called Ozz out on the tweet because the information wasn’t 100% correct. In fact, Jameson Lopp, a renowned BTC proponent, on Twitter called the user a ‘moron’.

Whatever the reason is, here are some facts. The associated address, “1P5ZED” when applied on the block explorer resulted in two annotations. Both of which might be tied to the exchange Bittrex, a global centralised exchange.

But one thing stands, given Saylor’s commitment in the past, if this speculation turns out to be true- it could certainly damage the firm’s reputation, to say the least.

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Written by thegamefi

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