The Daily FUD Thread: Michael Saylor dumps his MSTR shares

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: thecodebear on June 04, 2024, 03:31:49 PM

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

lol OP why would you care that he sold stock. He sold stock. Not bitcoin. Stock. Not bitcoin. Say it again lol. Him selling stock has nothing to do with him selling bitcoin. He could have sold bitcoin. But he didn't. He sold stock, not bitcoin. He has never said anything about not selling any of his stock. So what exactly are you complaining about? He has these two different assets, one he said he won't sell, and he didn't. The other one he sold.

Nobody cares what he is gonna use that money for. It's his money. And since he got it from selling stocks, not bitcoin, it has nothing whatsoever to do with his statements about not selling bitcoin. Whether he wants to use it to buy a yacht or buy bitcoin or buy nasdaq or buy an island or spend it all on hookers and blow, it's his money and he'll use it however he wants.

Because OP is concerned that because MicroStrategy stock is a "proxy" for Bitcoin, like the Bitcoin spot ETF, it's like Michael Saylor is selling Bitcoin itself. But what if he starts buying more Bitcoin with the profit from the stock sale, making it surge to $100,000?

🤔

That possibility would obviously add more potential value to MSTR, no?

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: thecodebear on June 04, 2024, 03:31:49 PM

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

lol OP why would you care that he sold stock. He sold stock. Not bitcoin. Stock. Not bitcoin. Say it again lol. Him selling stock has nothing to do with him selling bitcoin. He could have sold bitcoin. But he didn't. He sold stock, not bitcoin. He has never said anything about not selling any of his stock. So what exactly are you complaining about? He has these two different assets, one he said he won't sell, and he didn't. The other one he sold.

Take a deep breath and calm down lad. I've never said he sold BTC, I said he sold stocks, which are backed by BTC, which is stated in the very post you quoted.
If he held "his" bitcoin through his company, shares of which being largely backed by bitcoins, then unloading part of the stake he held in his company is effectively the same as selling a portion of those bitcoins (which he couldn't sell as a private person himself anyway). It's not a hard concept to grasp.

thecodebear

hero member

Activity: 2240

Merit: 848

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

lol OP why would you care that he sold stock. He sold stock. Not bitcoin. Stock. Not bitcoin. Say it again lol. Him selling stock has nothing to do with him selling bitcoin. He could have sold bitcoin. But he didn't. He sold stock, not bitcoin. He has never said anything about not selling any of his stock. So what exactly are you complaining about? He has these two different assets, one he said he won't sell, and he didn't. The other one he sold.

Nobody cares what he is gonna use that money for. It's his money. And since he got it from selling stocks, not bitcoin, it has nothing whatsoever to do with his statements about not selling bitcoin. Whether he wants to use it to buy a yacht or buy bitcoin or buy nasdaq or buy an island or spend it all on hookers and blow, it's his money and he'll use it however he wants.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

This is not fud, however, the cryptonews media is starting to create a storyline that Michael Saylor might not anymore be a bitcoin maximalist in his arguments. Also, the Saylor jerkers who ride Saylor's sausage in the community might also be disappointed because it appears that he is admitting that there might be a second best heheheeh.

There Is a Second Best: Bitcoin Bull Michael Saylor Softens on Ethereum

For years, MicroStrategy founder Michael Saylor refrained from acknowledging the existence of such a thing as the “crypto industry.” To him, there was Bitcoin—an asset he likened to the gold of our time—and then thousands of cheap imitators hardly worth mentioning.

“There is no second best,” the entrepreneur—who may personally own more than one billion dollars worth of BTC—was known to say.

That is, at least, until now.

It appears that the shocking, eleventh-hour approval of spot Ethereum ETFs two weeks ago has caused the Bitcoin maximalist to shift his stance on crypto—or at the very least, to adjust his political calculus.

Now, the Ethereum ETF approval—which some industry analysts suggest means that Ethereum cannot be considered a security—appears to have changed his views on the viability of crypto as an industry bigger than just Bitcoin.

"I think right now the best expectation is [that] the crypto asset class will be legitimized,” Saylor said.

“I think that we are politically much more powerful [when] supported by the entire crypto industry,” Saylor said. “They obviously have a lot of political power, a lot of users.”

Read in full https://decrypt.co/233605/there-is-second-best-bitcoin-bull-michael-saylor-ethereum

tiCeR

hero member

Activity: 1946

Merit: 867

Defend Bitcoin and its PoW: bitcoincleanup.com

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

I wouldn't count any of his actions as a deviation from the overall plan. He could have various incentives to sell these shares. I don't know what his fortune consists of, but if it is shares only more or less, I think at some point I would do the same and divest from shareholdings and use the proceeds to either diversify or to infuse some privacy into his portfolio. If the world can tell what your wealth consists of, maybe at some point he wanted to cash out some of those shares and even if he goes back into BTC with the money, at least those wallets do not necessarily have to be public. I would still look at his long-term actions, but at the end of the day he is a business man and he knows that selling a narrative is part of the marketing toolbox. That doesn't make it a marketing gag when he says that he wants to buy BTC forever. But of course he is sending a certain kind of signals to investors. I haven't had a look at whether or not it had an impact on the share price or whether it will have some impact down the road if he decides to sell more, but hard to tell as an outsider whether what he has done now should be considered a deviation from the plan.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: pawel7777 on April 23, 2024, 04:37:09 PM

You seem to not be considering cash as an asset. He traded stocks backed by the best-performing asset in the world (in his own words) for one of the worst assets out there (cash). So, unless he needed that ~$400 mils to pay his bills or for some specific purchase or everyday expenses - he did go against what he preached.
If you watch his past interviews, he was not a proponent of buying low and selling at the top, but more of holding forever, because there is no second best that would be worth exchanging bitcoins for.

Yeah i don’t see cash an asset and I don’t think Saylor himself will be switching from an asset as you said backed by one of the assets in the world for cash but only for important reasons which can be as you stated or as I have been emphasizing on that many people predict he is buying next which is bitcoin itself and not asset backed of a thing, both reason I wouldn’t blame him for.

Yeah he was that influencer that passes narrative of bitcoin as an asset that should never been sold which me I don’t buy into but as you know all this influencers shill what they are into anyhow just to create that adoption. Remember when he was spreading FUD on bitcoin he used same energy, so I don’t think I see anything different from this one now?. Do not take the word of influencers, that’s why DYOR is a key factor in crypto

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: Zaguru12 on April 21, 2024, 03:20:50 PM

Read the article on the link you posted, there is a place that talk about differing opinions with MSTR subreddits members with the opinion that he might be using the cash to buy bitcoin directly.

So these were the "experts" you were referring to?

Quote from: Zaguru12 on April 21, 2024, 03:20:50 PM

You’re not getting the point, he might be mocking everyone for not investing into bitcoin because he sees potential in bitcoin although I don’t like that. But does his advocation for an asset amounts to him not selling them most especially when he is on profit? The only time him selling will raise eyebrows to me is when he sells everything or more than half and invests into another different asset, this will mean he doesn’t believe in the former asset again which is not the case with Saylor here

You seem to not be considering cash as an asset. He traded stocks backed by the best-performing asset in the world (in his own words) for one of the worst assets out there (cash). So, unless he needed that ~$400 mils to pay his bills or for some specific purchase or everyday expenses - he did go against what he preached.
If you watch his past interviews, he was not a proponent of buying low and selling at the top, but more of holding forever, because there is no second best that would be worth exchanging bitcoins for.

Quote from: hatshepsut93 on April 23, 2024, 12:40:21 PM

(...) We also need to sell our BTC at some point to take the profit, and not be a forever Bitcoin holder that truly believes in Bitcoin revolution. Massive Bitcoin adoption is a nice narrative that is being fed to people to make them buy more coins, it's not a future that is guaranteed to come.

Shun the non-believer!!! Grin

hatshepsut93

legendary

Activity: 3038

Merit: 2162

No one becomes rich by being a moral person, upholding virtues and caring for others. You become rich by always prioritizing yourself. And this also applies to us, the small fry investors. We also need to sell our BTC at some point to take the profit, and not be a forever Bitcoin holder that truly believes in Bitcoin revolution. Massive Bitcoin adoption is a nice narrative that is being fed to people to make them buy more coins, it's not a future that is guaranteed to come.

Kelward

sr. member

Activity: 588

Merit: 338

Quote from: nelson4lov on April 20, 2024, 05:58:56 PM

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

Outside of Bitcoin, It is expected that a man like Michael Saylor will have other goals that would need to be financed somehow. As long as he isn't unloading loads of bitcoin on the open market, I think we're in the green here and nothing to be concerned about. There are also no reports as to what the proceeds from the sale has been used for so it could very well be to buy more Bitcoin's just now at this prices. I'd be very surprised if that is the case because that would mean an imminent dip is coming for Bitcoin? I hope not.

I think that it's still quite early to speculate whether he's not going to reinvest it into Bitcoin, atleast I don't think that there's an official comments from him yet, it could be that he wants to use the money for other things that would be profitable to him or to offset some huge bills. I don't believe when someone tells me that they're never going to cash out some of their investments at some point, because you cannot keep accumulating indefinitely without taking something sometimes, that's the essence of investments.

aoluain

legendary

Activity: 2464

Merit: 1387

Quote from: spectre71 on April 21, 2024, 07:45:09 PM

It doesn't matter who you are, if your not diversified into other sectors your just and idiot.

All in on one thing is all in on ignorance.

Saylor is no idiot.

We have had many discussions about diversification and what would be a companion
with Bitcoin.

I would say of all people Michael Saylor would have only Bitcoin in his basket purely
based on what he has preached over the last couple of years there isnt anything
else worth having.

The article from the OP from 19th April mentions he has Class B and Class shares
from 2014 and these are the ones he wants to sell quickly so that more than likely
he can buy more Bitcoin!

Quote

Saylor is the largest MicroStrategy shareholder, with Class B holdings worth about $2.3 billion.
At the end of 2023, Saylor owned another 400,000 Class A shares due to an option he received
in 2014. Those are the shares he’s selling with speed.

spectre71

member

Activity: 360

Merit: 22

It doesn't matter who you are, if your not diversified into other sectors your just and idiot.

All in on one thing is all in on ignorance.

Saylor is no idiot.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: pawel7777 on April 21, 2024, 03:06:35 PM

Really? Do you have any links to that? It doesn't make much sense and would kind of go against his previous strategy (i.e. he could've sold shares and buy BTC in his own much sooner instead of doing that via Microstrategy).

Read the article on the link you posted, there is a place that talk about differing opinions with MSTR subreddits members with the opinion that he might be using the cash to buy bitcoin directly.

Quote from: pawel7777 on April 21, 2024, 03:06:35 PM

Agree to some extent. But if someone were to preach Bitcoin as the best asset (with no second best) and mock everyone around for not investing in it, and then went ahead to unload ~$400m (again, bitcoin-tied stock), it could raise some eyebrows.

You’re not getting the point, he might be mocking everyone for not investing into bitcoin because he sees potential in bitcoin although I don’t like that. But does his advocation for an asset amounts to him not selling them most especially when he is on profit? The only time him selling will raise eyebrows to me is when he sells everything or more than half and invests into another different asset, this will mean he doesn’t believe in the former asset again which is not the case with Saylor here

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: Zaguru12 on April 20, 2024, 05:54:40 PM

I think you need to read the article again, he has a different class A 400,000 stock which he’s selling the stock with only 30,000 remaining and not his bitcoin. (...)

That's why I didn't say he's selling "his bitcoins" but his bitcoin-tied stocks. 400k it 370k doesn't make much difference, does it? Just a rounding thing.

Quote from: Zaguru12 on April 20, 2024, 05:54:40 PM

(...) With some experts kind of speculating that the amount raised in cash will be used to buy bitcoin directly, if this is the case then he is committed to his Stan on bitcoin accumulation.

Really? Do you have any links to that? It doesn't make much sense and would kind of go against his previous strategy (i.e. he could've sold shares and buy BTC in his own much sooner instead of doing that via Microstrategy).

Quote from: Zaguru12 on April 20, 2024, 05:54:40 PM

Also even if someone preaches holding onto bitcoin and it’s like, it doesn’t really matter if he sale or take profits to clear debts or acquire more at a dip.

Agree to some extent. But if someone were to preach Bitcoin as the best asset (with no second best) and mock everyone around for not investing in it, and then went ahead to unload ~$400m (again, bitcoin-tied stock), it could raise some eyebrows.

aoluain

legendary

Activity: 2464

Merit: 1387

FUD alright.

I havent read anywhere that Saylor dumped Bitcoin so whats the big deal? There is no
market reaction to this news yet.

Anyone who owns Bitcoin regardless of the quantity has the option to sell or HODL.

The way some people think they believe once a Whale like Saylor buys Bitcoin they shouldnt
be permitted to sell it ever again. Nobody has the right to create such laws.

If those people are afraid of what such an action would do to the markets, just remember
that Bitcoin is bigger than any one person or entity, and any reaction in the markets
would be very temporary.

Lida93

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

Reading some of the comments I see that some persons are giving Saylor's action too much attention and this can cause FUD to the newbie bitcoin hodlers to panic sell. As far as I know, just one man's action wether a whale or not can't dump bitcoin.

It is his money right? So let him do with it with what he chose to. The argument is borne out of his incessant preaching about forever bitcoin holding. Have those tackling his action tried to think outside the box that maybe he might have found himself in a tight corner that demands some urgent cash and perhaps he just had to take some profit, because reading from the article it wasn't as though he withdrew a 100% of his bitcoin hodling but only sold his shares in stocks in line with an agreement he Saylor had enter with microstrategy in which is to expire by 30rh of April 2024 if unexercised.

Maybe some of us didn't read to this end. See quote below.

Quote

Saylor is the largest MicroStrategy shareholder, with Class B holdings worth about $2.3 billion. At the end of 2023, Saylor owned another 400,000 Class A shares due to an option he received in 2014. Those are the shares he’s selling with speed.

Buried near the end of its third-quarter earnings filing on Nov. 1, MicroStrategy announced that the company and Saylor had entered into an agreement, called a 10b5-1 plan, in September, allowing the founder to sell as many as 5,000 shares every trading day from Jan. 2 to April 25 of this year, up to a total of 400,000 shares. The shares were tied to a “vested stock option, which expires if unexercised on April 30, 2024

spectre71

member

Activity: 360

Merit: 22

I hope he has other goals and things to do besides MSTR and BTC.

Maybe he wants to do some things and enjoy the fruits of his labor. He probably wants to move his exposure around or buy his way into another board. Who the F knows, it's his.

Like someone said, this amount of money isn't much in that realm.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

Outside of Bitcoin, It is expected that a man like Michael Saylor will have other goals that would need to be financed somehow. As long as he isn't unloading loads of bitcoin on the open market, I think we're in the green here and nothing to be concerned about. There are also no reports as to what the proceeds from the sale has been used for so it could very well be to buy more Bitcoin's just now at this prices. I'd be very surprised if that is the case because that would mean an imminent dip is coming for Bitcoin? I hope not.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: pawel7777 on April 20, 2024, 04:30:22 PM

I'm not making judgements on the guy. He's free to do whatever he wants with his money, and sometimes you have to cash out, to pay bills/taxes, make purchases etc.
But for someone who has been preaching so hard against selling bitcoins and (if my memory is not mistaking me) even publicly suggesting taking loans to acquire bitcoins, selling such large amounts of ~~bitcoins~~ bitcoin-tied-stocks, can be viewed as hypocritical or dishonest.

I think you need to read the article again, he has a different class A 400,000 stock which he’s selling the stock with only 30,000 remaining and not his bitcoin. With some experts kind of speculating that the amount raised in cash will be used to buy bitcoin directly, if this is the case then he is committed to his Stan on bitcoin accumulation.

Also even if someone preaches holding onto bitcoin and it’s like, it doesn’t really matter if he sale or take profits to clear debts or acquire more at a dip.

Ludmilla_rose1995

full member

Activity: 1680

Merit: 169

Buzz App - Spin wheel, farm rewards

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

I'm sure Michael Saylor has a different strategy from other people's views, I mean he has decided to buy Bitcoin consistently and has no plans to sell the Bitcoin they own in the near future so even if he sells his shares in Microstrategy, I'm sure he will come back bought it in the future

Michael Saylor is trusted by Microstrategy investors to become CEO and agrees with all the decisions he takes, so he will not carelessly destroy the reputation he has built, rest assured that when he sells the Bitcoin he owns, Microstrategy's shares will be destroyed

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: philipma1957 on April 20, 2024, 12:22:58 PM

you do realize he has billions in btc.

and he sold only 370million in stocks.

So billions vs millions not much of an issue.

I'm not making judgements on the guy. He's free to do whatever he wants with his money, and sometimes you have to cash out, to pay bills/taxes, make purchases etc.
But for someone who has been preaching so hard against selling bitcoins and (if my memory is not mistaking me) even publicly suggesting taking loans to acquire bitcoins, selling such large amounts of ~~bitcoins~~ bitcoin-tied-stocks, can be viewed as hypocritical or dishonest.

I think the billions you are referring to are owned by Microstrategy, not him personally. However, if the article is correct, his previous shareholding was worth ~$2.7 billion, so he sold around 15% of it. We can only speculate on why he decided to do that (or wait till someone asks him about that in an interview etc.).

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Tell me at which point did Saylor break his promise? He said he'll be issuing shares to buy more bitcoin for long term holding, which he did. He also said he'll be holding his bitcoin forever and borrowing money against it, which he did. The whole idea of Saylor's exit strategy feels a bit like something Peter Schiff might say.
We don't know what he needs the money for, but I wouldn't be surprised if he bought bitcoin once again. Why? Because people pumped stocks and bitcoin is in a period where a bull market begins, so maybe Saylor expects stocks to crash and bitcoin to pump? After all the stock market is basically one big casino and Saylor is betting against the house.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

you do realize he has billions in btc.

and he sold only 370million in stocks.

So billions vs millions not much of an issue.

Odohu

hero member

Activity: 602

Merit: 543

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?

This seems like an exit strategy for me and makes me remember Elon Musk and his involvement in Bitcoin. At the end, it is always a way of taking advantage of the market. MicroStrategy have been one of the latest mover of the Bitcoin price and if Michael Saylor sells his shares and pull out his money, which I'm sure he will do, others will do same and the end may not be nice to Bitcoin.

Quote from: pawel7777 on April 20, 2024, 10:26:21 AM

Somehow I don't think he'll be buying bitcoins with his proceeds.

He is definitely not buying Bitcoin and even if he does, the amount he will be willing to inject into Bitcoin will be so insignificant compared to worth of his shares.

pawel7777

legendary

Activity: 2436

Merit: 1561

https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html

So, apparently, Michael Saylor has unloaded 400k of his Microstrategy shares, which, at this point, are largely backed by BTC and could be used as a proxy for investing in Bitcoin.
What do you take of it? Was all his talk about accumulating Bitcoin forever and never selling just an act? Or was he genuine but just wanted to cash out with ~£370 millions for whatever reason?
Somehow I don't think he'll be buying bitcoins with his proceeds.

Topic: The Daily FUD Thread: Michael Saylor dumps his MSTR shares (Read 291 times)