Strategy may sell $5 billion worth of $BTC to manage the company’s capital...
We all read this,
but Michael Saylor says the news is not new.
It is part of the #Bitcoin monetization program that was announced on June 29.
The sales would be for specific purposes only,
and the company will remain a net buyer of #BTC
In short, the company has given itself the flexibility to use part of its Bitcoin reserves “when needed.”
But the question is: if it is a net buyer, meaning they sell but buys more
isn’t this market manipulation?!
We all read this,
but Michael Saylor says the news is not new.
It is part of the #Bitcoin monetization program that was announced on June 29.
The sales would be for specific purposes only,
and the company will remain a net buyer of #BTC
In short, the company has given itself the flexibility to use part of its Bitcoin reserves “when needed.”
But the question is: if it is a net buyer, meaning they sell but buys more
isn’t this market manipulation?!