Michael Saylor reportedly secretly sold $ 315 million worth of BTC!

Michael Saylor, CEO of MicroStrategy, is one of BTC’s biggest fans. In 2020, his company MicroStrategy began buying BTC, and since then Saylor speaks of BTC as an economic panacea. Nevertheless, there is said to be shocking evidence that Saylor was secretly selling BTC and deceiving the crypto community.

From impostor to BTC maximalist

The CEO of MicroStrategy does not enjoy the best reputation in the business world. Like others, he also tried to earn money in the years 1995-2000. Dot.com bubble which is considered one of the greatest in history. It was caused by extreme speculation of internet companies, especially with the domain “.com” for internet addresses of companies. Saylor also joined the “bubble”. Thompson Financial and Bloomberg came up with a list of those who were hit hardest during the technology bubble. No one but Michael Saylor took first place which lost $ 13.53 billion which was the largest and fastest financial loss ever in that period.

According to crypto analyst Mr. Whale, Michael Saylor’s whole company was built on fraud. The Dot.com bubble helped get its stock from $ 30 to over $ 3,000 over several years, but it all turned around (-99.9% crash) when the company was forced to reconsider its accounting data, which had all the profits you got. when they claimed to do so, delete. On December 14, 2000, the Securities and Exchange Commission (SEC) launched an investigation of Michael Saylor and accused him of fraud. Saylor has paid financial compensation and continues to do business.

Does Saylor sell BTC on an ongoing basis?

According to analyst Mr. Whale, Saylor is deliberately trying to attract investors to buy bitcoin and shares of his company, so that he can then sell them extremely overvalued. In June, MicroStrategy announced its intention to buy $ 400 million worth of BTC. This was done in order to raise prices and divert people’s attention from what really mattered later in their announcement. Saylor said that will pay the directors in BTC and will also create a new subsidiary called MacroStrategy LLC which will hold their existing 92,079 BTC which they have obtained so far.

At first glance, this may seem innocent, but one may have already noticed that the promise not to sell BTC is beating slightly with the announcement of the payment of directors in BTC. However, the establishment of a subsidiary is important. MacroStrategy has one key advantage that Michael Saylor actually pursues. He will not be required by law to disclose his sales to the BTC SEC because it is a private subsidiary. And it has already happened.

As we can see in the chart below Michael Saylor transferred his BTC to a secondary address that used Coinbase and Okex to sell bitcoin.

The main addresses are: 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ a 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR. Saylor secret sold $ 63 million worth of bitcoin at the time he announced they were buying. Since the funds were transferred to a private company, it is technically legal, albeit very unethical. Microstrategy has so far sell more than 8000 BTC. Mr. Whale expects the company to sell more in the coming months.

Confidential sales are suspected to come at such a crucial time. Everything happens until Michael Saylor mysteriously opens a subsidiary and BTC faces extremely low volume and demand, problematic metrics and is likely to face a much larger correction in the coming months. As the price of Microstrategy is almost directly correlated with the price of BTC, it looks like Saylor and his managers are also predicting a large bear market, and sell their shares. They would never admit this to the public, as BTC is the only thing they have.

At the time of writing, Microstrategy CEO Michael Saylor has dispelled this allegation.