Sending more than 200,000 bitcoins to exchanges…Did they sell “MicroStrategy”?
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Answer Sending more than 200,000 bitcoins to exchanges…Did they sell “MicroStrategy”?
Bitcoin price is going through its worst period, sentiment is still bearish.
A negative outlook is a bad product of bad macro metrics and also unfavorable.
The sensitive situation is about to get worse, as new rumors suggest that a whale sent more than 200,000 bitcoins to exchanges earlier with many followers suspecting MicroStrategy of being behind it.
Has MicroStrategy Sold Its Bitcoin Holdings?
According to the analyst “CryptoVinco” and what he posted on Twitter on Monday, part of the bitcoin transferred to the trading platforms belongs to “MicroStrategy”.
He also shared a snapshot of a series of transactions carried out by the whale address, and he was told:
Read:Kraken reveals security flaws in a large number of US Bitcoin ATMs
I’m 99% sure this is Michael Saylor’s Bitcoin address, and they plan to sell everything.
In addition, the pseudonymous analyst asked the community to anticipate an unprecedented “bloodbath” in the markets when MicroStrategy sells all of its bitcoin.
Reactions were mixed in the comments section, with some users showing indifference whether the news was true.
While others disagreed with CryptoVinco, noting that the whale title does not appear to belong to MicroStrategy.
One user in particular highlighted the fact that the address contains more than 241k bitcoins which is more than the MicroStrategy balance as publicly declared by the company.
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Michael Saylor Confirms That His Company Plans to Hold Bitcoin:
The transaction at the center of this article shows that Address Whale executed a series of transactions within four days.
Transactions initiated on July 18 left the wallet empty as of July 21.
The wallet appears to have sent several uneven transactions in a row to the Coinbase address.
Most users note that the probability that the title belongs to MicroStrategy is very low.
Michael Saylor is one of the most famous Bitcoin extremists in the crypto community.
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Saylor has noted on several occasions how his company plans to keep bitcoin on its balance sheets.
Saylor confirmed, on June 29, that MicroStrategy had purchased an additional 480 Bitcoin between May 3 and June 28.
This brought the company’s total Bitcoin holdings to 129,699 BTC, making it the largest institutional owner of Bitcoin.
Rumors about MicroStrategy’s affiliation with this title have surfaced in the past, but they remain unconfirmed.
With these latest allegations, more tension could build up in an already bearish atmosphere.
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