Could MicroStrategy's actions have influenced the recent declines?
Could MicroStrategy's actions have influenced the recent declines? Could MicroStrategy's actions have influenced the recent declines?

Michael Saylor is someone who has repeatedly emphasized his belief in Bitcoin, and his company MicroStrategy has the most BTC of any publicly traded company with the cryptocurrency in its portfolio.

So it’s surprising to suspect that MicroStrategy’s actions may have contributed to the 20% drop that occurred on Tuesday.

How could MicroStrategy have caused BTC’s declines?

MicroStrategy has exactly 108,992 BTC in its portfolio. Through price averaging and regular purchases, they have totaled $2,918,000,000. The current value (see https://www.coingecko.com/pl/public-companie s-bitcoin for details) of the bitcoin held by MicroStrategy, on the other hand, is $5,118,846,836. Thus, one can assume that if the company wanted to realize even a portion of the profit, the sudden sale of such large amounts of Bitcoin would negatively affect the price.

However, it should be recalled that selling any BTC would go against the approach that Michael Saylor has been promoting on his Twitter profile(@michael_saylor) for quite some time. Most of his tweets are about how BTC is the future, has great value and the focus should be on accumulating cryptocurrency. An example was yesterday’s post: if you aren’t ready to hold Bitcoin for 10 years, you shouldn’t even think about owning it for ten minutes:

“If you aren’t willing to own #bitcoin for 10 years, don’t even think about owning it for 10 minutes.”

In the article Saylor (MicroStrategy): I won’t sell bitcoin no matter what, on the other hand, we described that there is no price that would make the CEO of MicroStrategy decide to sell.

So where are the rumors that MicroStrategy influenced the price decline? The source is the anonymous analyst Mr. Whale(@CryptoWhale), who is followed by more than 286,000 people on Twitter. According to him, Saylor started to realize profits and divest his BTC. To do so, MicroStrategy would be using its new company Macrostrategy LLC, which was set up to store bitcoin owned by MicroStrategy (this would allow it to sell the cryptocurrency without having to report its activities to the SEC).

So far, Michael Saylor has not responded to Mr. Whale‘s message.

What do you think of the sub

ejrzeniach anonimowego inwestora? Czy słynący z dużego entuzjazmu w sprawie BTC Michael Saylor rzeczywiście mógł zacząć realizować zyski?

= 728 ) betterads_el_width = [“728”, “90”]; else if ( betterads_el_width >= 468 ) betterads_el_width = [“468”, “60”]; else if ( betterads_el_width >= 336 ) betterads_el_width = [“336”, “280”]; else if ( betterads_el_width >= 300 ) betterads_el_width = [“300”, “250”]; else if ( betterads_el_width >= 250 ) betterads_el_width = [“250”, “250”]; else if ( betterads_el_width >= 200 ) betterads_el_width = [“200”, “200”]; else if ( betterads_el_width >= 180 ) betterads_el_width = [“180”, “150”]; if ( betterads_screen_width >= 1140 ) { document.getElementById(‘sanzydwxt-192260-52969873-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 1019 && betterads_screen_width < 1140 ) { document.getElementById(‘sanzydwxt-192260-52969873-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 768 && betterads_screen_width < 1019 ) { document.getElementById(‘sanzydwxt-192260-52969873-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width < 768 ) { document.getElementById(‘sanzydwxt-192260-52969873-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}]]>