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“Michael Saylor is Secretly Selling His Bitcoin”

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It is always important to “Don’t Trust, Verify” and conduct your own research on public figures, cryptocurrencies, stocks, and anything else. 

Michael Saylor has been one of the most vocal supporters and shills for Bitcoin since his company announced plans to add BTC to their balance sheet in 2020. Since then, the Bitcoin community has rallied around him, gaining him millions of followers and putting him in the public eye. 

Contrary to popular belief, Michael Saylor has a shady past and has been withholding important information from the public, such as how he has been secretly dumping thousands of Bitcoin from his company for months while urging others to “take out double mortgages and go all-in.”

It’s clear that his company’s valuation is solely based on his ability to attract hype by participating in popular “trends,” as evidenced by their eagerness to be at the centre of the dot-com bubble and now the Bitcoin bubble. 

Michael Saylor’s entire business was based on deception. The dotcom craze propelled his stock from $30 to over $3000 in a matter of years, but that all came crashing down (-99.9 percent) when the company was forced to restate its accounting data, which erased all of the profits they’d ever claimed to have made. 

The Securities and Exchange Commission (SEC) launched an investigation into Michael Saylor on December 14, 2000, accusing him of fraud.

This case, like the majority of SEC cases, ended in a settlement. Saylor agreed to pay $8.3 million to shareholders and a $350,000 penalty to the S.E.C. without admitting or denying the allegations. 

The SEC also revealed that, rather than profiting (as Saylor claimed), they were actually losing money. MicroStrategy was primarily fueled by new investors, who were attracted by the excessive hype, delusions, and speculations of dot-com bubble participants. 

Saylor understands the value of latching onto something trendy. He knew exactly what caused his company’s insane growth during the dot-com bubble, and Bitcoin gave him an idea.

His goal has always been to use Bitcoin’s hype to entice investors to buy Bitcoin and his company’s stock, which he and his insiders can then sell at exorbitantly overpriced prices and make a fortune. 

MicroStrategy announced its intention to purchase $400 million in Bitcoin in June. That was clearly done to drive up prices and divert attention away from what was truly important later in their announcement. 

Saylor stated that they would be paying directors in Bitcoin and establishing a new subsidiary called MacroStrategy LLC to hold their existing 92,079 bitcoin.

He wanted to demonstrate his confidence in Bitcoin early on, even if it’s all for show, so he stated that he has “no plans to sell his Bitcoin for the next 100 years.” If Saylor did sell, he would have to file with the SEC, which would be met with a barrage of criticism. 

So, rather than taking the transparent route, he establishes a mysterious and seemingly pointless LLC. But it’s not entirely pointless — with an LLC, it has one key benefit that Michael Saylor desperately desires. Because it is a private subsidiary, he is not legally required to file his Bitcoin sales with the SEC.

This is a common move made by Institutions. They encourage the teeny-tiny retail guys to buy up high while they sell. They require exit liquidity to complete their orders. You should be wary of this at all times. 

Michael Saylor secretly dumped $63 million in bitcoin while announcing their purchase. In other words, they announce when they buy but refuse to say when they sell. This is technically legal because the funds were transferred to a private LLC, but it is extremely unethical. 

Microstrategy has dumped over 8000 Bitcoin so far. Expect more dumps in the coming months. Be cautious out there, bulls. 

According to SEC filings, MicroStrategy’s top executives have been secretly selling millions of dollars’ worth of stock.

The executives clearly aren’t optimistic about the company’s future, as evidenced by the highest rate of dumping in over a decade. 

MicroStrategy executives sold just under $270 million in company stock in the last ten years, according to Protos. Between October 2012 and October 2020, those same insiders only sold about $8.3 million in shares. 

Last year, nearly 65 percent of all reported executive sales occurred. 

The suspicious aspect of the insider sales is that they occur at such a critical juncture. All of this is happening while Michael Saylor mysteriously formed an LLC, and Bitcoin is experiencing extremely low volume and demand, as well as poor metrics, and is expected to experience a much larger correction in the coming months.

Because the price of Microstrategy is almost directly correlated with the price of Bitcoin, Saylor and his executives are also predicting a large-scale bear market and, as a result, are selling off their holdings. They would never admit this to the public because Bitcoin is their only source of income. 

Michael Saylor is a wolf disguised as a sheep. His constant shady behaviour and fraudulent practises have painted a completely different persona than what he claims to be over the years. The same guy who just told a group of people at the 2022 Miami Bitcoin conference to “Never Sell” has been dumping hundreds of millions of dollars in Bitcoin… The irony, the irony. 

Transparency is critical in this environment, and Saylor’s actions must have consequences.