Is MicroStrategy Selling Bitcoin Secretly?
Categories: Bitcoin US
As of April4 this year Micro strategy was holding around 129 thousand bitcoins, so the amount is actually quite similar to that in the wallet in question, if a few thousand bitcoins had indeed been sold. On clicking on the address, the list of transactions appears, and it can be seen that this particular wallet has indeed been selling various amounts of bitcoin.
However, a little bit of study into this address shows that the first amount of bitcoin to enter it came in on 10 February 2019. This does not match the first bitcoin purchase of Micro strategy, which was on 11 August 2020.
The amount purchased was 21,454 bitcoins, so if the wallet in question is inspected for this precise date in time, it can be seen that the wallet held around 56 thousand bitcoins, quite a lot more than micro strategy’s first purchase.
It appears that micro strategy and Michael Saylor have been trolled - probably not for the first time, and almost certainly not for the last. It would have been very easy for this particular accuser to just delve a tiny bit further in order to prove their case - they may not have had the time or the knowledge.
It is incredibly important for the credibility of the whole crypto sector, that if a person or entity is in fact not playing by the rules, then they should be shown up, and their bad practices highlighted. However, complete due diligence should always be carried out in order to avoid muddying the names of good actors in the space.