After Tesla, Did Microstrategy Liquidated its Bitcoin Holdings? Decoding The Truth

On Friday, the cryptocurrency market recovered, with the top coin, Bitcoin, returning to the $23,000 threshold. Similar to the stock market, Bitcoin has been on the upward slope so far this week as investors grow more confident in the ability of the U.S. Federal Reserve to control the country’s decades-high inflation. On the other hand, Ether, the second-largest cryptocurrency by market value, increased by more than 10 percent from the day before to 1,573.

Data on massive sale activity offers contradictory indicators just as Bitcoin is finally holding onto the $23,000 mark. It is commonly known that the biggest institutional Bitcoin investor is Michael Saylor’s Microstrategy. 

Data from Crypto Quant, meanwhile, raises the possibility that the business is allegedly offloading some of its Bitcoin assets. It’s also possible that the provider of business intelligence services may soon disclose the selling activities.

According to reports, the alleged primary Microstrategy wallet is thought to have already sold 132,382 Bitcoin, per yourdefiguide on Crypto Quant. It is believed that the aforementioned wallet, 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, belongs to Michael Saylor’s business. 

Is Microstrategy Dumping it’s BTC holdings?

“All of MicroStrategy’s Bitcoin is kept in 2 single sig addresses,” it is said. BTC has been transferred from the MicroStrategy wallet to a number of exchange wallets, including coinbase coinbase - support@coinbase.com WalletCentralised Exchange , as of this week. The Bitcoin holdings were sold between July 18 and July 21 for a price of $21,687.84 per unit.

It is still unclear, though, if the Bitcoin transfer was performed with the intention of selling something. On the other hand, michael saylor michael saylor Michael Saylor is a Co-founder of Strategy formerly MicroStrategy. Before founding Microstrategy, he was a rocket scientist and studied aeronautics and astronautics at MIT on an Air Force scholarship. He dubs Bitcoin 'Digital Gold'. He made some early investment in Bitcoin as soon as he realized it was going to be the next big thing in shaping decentralized finance from traditional finance. His firm Strategy has made Bitcoin their primary treasure reserve. He is a vocal advocate and Top Bitcoin Speaker who participates in various Bitcoin and Crypto events. Michael Saylor is highly skilled in and has a rich knowledge of numerous fields, including analytics, data warehouses, SaaS, management, cloud computing, enterprise architecture, mobile devices, and many more.   Personal Details: Born: Feb 4, 1965Location: United StatesGraduation: He graduated from MIT in 1987 with a double major in aeronautics, science, technology, and society.    Michael Saylor – Career Timeline 1983–1987: Studied Aeronautics & Astronautics and Science, Technology & Society at Massachusetts Institute of Technology (MIT). 1989: Co-founded MicroStrategy (Strategy). 1998: MicroStrategy IPO – Took MicroStrategy public on the NASDAQ at $12 per share. 2000: Accounting Scandal & Crash – MicroStrategy's stock plunged 62% in a day due to an accounting misstatement, wiping out billions in valuation. 2004–2019: MicroStrategy Rebuilds – Worked towards cloud-based analytics and AI-driven business intelligence, regaining stability. 2020: Bitcoin Strategy & Investment – Led MicroStrategy’s $425M Bitcoin investment. He made it the first publicly traded company to adopt Bitcoin. 2021: Bitcoin Evangelism – Became one of Bitcoin’s most vocal advocates, encouraging corporations and institutions to adopt BTC and blockchain. 2022: Stepped Down as CEO – Transitioned to Executive Chairman to focus entirely on Bitcoin strategy.     msaylor@microstrategy.com EntrepreneurCrypto and Blockchain ExpertAuthor has not yet made any announcements regarding the company’s Bitcoin sales. The CEO of microstrategy microstrategy - Business Intelligence has been one of the most outspoken advocates for Bitcoin in recent years. In fact, he tweeted “Stick with #Bitcoin” on Tuesday. Additionally, he tweeted that the world needs money that is crash-proof, implying that Bitcoin is.