Investment advisor Ross Gerber criticized Michael Saylor after MicroStrategy sold a portion of its Bitcoin holdings, accusing him of breaking previous commitments to never sell. In response, CEO Phong Le noted that buying Bitcoin remains easier than selling it under the company's current strategy. Despite the criticism, Saylor signaled intent for new acquisitions via a graphic on X, which market experts interpreted as a reliable indicator of forthcoming Bitcoin purchases.
In a move reflecting growing institutional confidence in digital assets as a financial hedge, Michael Saylor, Chair of Strategy Inc., has lauded SpaceX's strategic direction.
Read the full storyCEO Phong Le clarified that the recent Bitcoin sale was a test of operational flexibility rather than a shift in long-term strategy.
In a move reflecting the company's opportunistic approach to market volatility, Michael Saylor announced that MicroStrategy has purchased an additional 1,550 Bitcoin.
MicroStrategy's Michael Saylor addressed investor concerns regarding at-the-market stock sales used to fund the company's aggressive Bitcoin acquisition strategy.
Solidifying its dominance as the premier corporate digital asset holder, MicroStrategy confirmed the acquisition of 1,550 BTC at an average price of $65,332 between June 1 and June 7.
In a move that complicates the company's digital asset narrative, MicroStrategy reportedly conducted a surprise sale of Bitcoin last week.
Investment advisor Ross Gerber accused Michael Saylor of a 'rug pull' after MicroStrategy sold Bitcoin despite previous 'never sell' pledges.