MicroStrategy CEO Michael Saylor has directly addressed concerns that he will dump Bitcoin at the first opportunity.
In a tweet sent yesterday, Saylor sought to reassure the Bitcoin community by saying he is in it for the long term.
There is no truth to the stories currently circulating that speculate “he would not hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a moment’s notice if an alternative asset’s yields were to jump.” This is creative journalism.
— Michael Saylor (@michael_saylor) September 23, 2020
Saylor was reacting to a Bloomberg article, that other publications have also quoted, in which it’s alleged he would dump his BTC holdings if bond yields jumped.
“Even so, Saylor said he’s not a crypto diehard. If bond yields jump, for instance, he said he won’t hesitate to dump the cryptocurrency, though he has no immediate plans to sell.”
The article also gave a number of extracts which portray a level of indifference towards this action.
“We can liquidate it any day of the week, any hour of the day.”
“If I needed to liquidate $200 million of Bitcoin, I believe I could do it on a Saturday. If I took a haircut, I believe it would be 2%.”
In response, Saylor lashed out at those reporting the story, claiming they were intentionally misleading the public.
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