MicroStrategy sold its VTCs for the first time in history and then acquired even more

MicroStrategy, the largest corporate owner of the BTC, made a number of cryptocurrency transactions from December 1 to 23 that were noticed by the SEC. First, MicroStrategy purchased 2,395 BTC, which were valued at $ 42.8 million at the time of purchase. After that, on December 22, the company sold 709 BTC, which was the first sale of bitcoin in the company’s history.

As it became known, MicroStrategy got rid of 709 BTC for a total of $ 11.8 million. The company took this step to obtain tax benefits.

Later, on December 24, Сейлор" href="https://noworries.media/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor 's company acquired another 810 VTCs, spending about $ 13.6 million. In total, since December 1, MicroStrategy’s accounts have been replenished with 2,500 BTS. Currently, the company has 132,500 BTS on its balance sheet.

MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$ 4.03 billion at an average price of ~$ 30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk

— Michael Saylor⚡️ (@saylor) December 28, 2022

Michael Saylor also announced the replenishment of MicroStrategy’s crypto wallet on his Twitter page, thus stopping the spread of FUD that the company was preparing to sell 182,000 BTC. Few people believed this information, as this amount is higher than the number of all military vehicles on the company’s balance sheet. The false information was spread by the WhaleChart Twitter account, citing information from «reliable people.»

There are many rumors surrounding MicroStrategy, its investment in the flagship cryptocurrency, and Michael Saylor’s commitment to BTC. That’s what Peter Schiff, president of Euro Pacific Capital and part-time bitcoin critic, said last week: MS invested in BTC to avoid liquidation. «I have learned that Michael Saylor recognized the bitcoin investment as a desperate attempt to avoid liquidation of MicroStrategy. If the only thing MicroStrategy is capable of is a leveraged speculative position in bitcoin, it will fail,» the VTS critic tweeted. Members of the cryptocurrency community pointed out that Schiff did not say where he heard this information and did not provide any evidence.