The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. He explained that as a company regulated by the Securities and Exchange Commission (SEC), changes in bitcoin holdings must be disclosed to shareholders via SEC filings.
Microstrategy’s CEO Points Out Any Bitcoin Sales Must Be Publicly Disclosed to SEC and Shareholders
This week, a rumor has been circulating on social media that the Nasdaq-listed pro-bitcoin software company Microstrategy has been quietly selling its BTC.
Microstrategy CEO Michael Saylor tweeted Friday dispelling the rumor. He explained that as a regulated company under the U.S. Securities and Exchange Commission (SEC), Microstrategy is required to disclose any material changes in corporate strategy to shareholders via SEC filings.
In addition, the executive emphasized that SEC filings are public records that are “available to all.” He further noted that material changes include acquiring and holding bitcoin as well as making changes to crypto holdings.
Bitcoin.com News published an article this week explaining why the rumor is untrue and the BTC address in question is not owned by Microstrategy. The address is in fact likely owned by a crypto exchange platform.