Michael Saylor says he’s paying bitcoin taxes, unlike ‘crypto-anarchists’
MicroStrategy’s Michael Saylor decided to call one of the oldest communities in Bitcoin a bunch of "paranoid crypto-anarchists."
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MicroStrategy’s Michael Saylor decided to call one of the oldest communities in Bitcoin a bunch of "paranoid crypto-anarchists."
Since 2008, Norway’s central bank has been buying shares of MicroStrategy. Norges Bank tripled its investment over the last 12 months.
MicroStrategy shed $7.4B of its value over the weekend as investors responded to Japanese markets, share dilution, and a BTC decline.
Michael Saylor has led MicroStrategy to purchase bitcoin above current prices on no less than nine separate occasions.
This month alone, Michael Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million.
According to its most recent 8K, MicroStrategy, holds 214,246 bitcoins -- between 1.3% and 1.8% of all bitcoin that can ever be moved.
MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it's sold $339 million in shares.
MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.
Michael Saylor, chairman of MicroStrategy, candidly explained why he went all-in on bitcoin... and what happens if the firm goes broke.
According to BlockchainCentre.net, MicroStrategy’s 130,000 bitcoins are worth $2.7B — impressive if it hadn’t spent $4B on acquiring them.