Michael Saylor increased his Bitcoin sentiment today, but when he did so, the CEO of MicroStrategy, Phong Le, sold about $11.1 million in companies connected to the same.
The moment attracted attention from all crypto markets. Saylor frames Bitcoin as the first asset for a long time, but the CEO of his company cut the shares that give investors the opportunity to get the same money.
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Saylor posted his message as Bitcoin soared above $60,000, just hours after short break below psychological problems rate for the first time in years.
He objected AI capital boom it validates Bitcoin instead of threatening it.
“AI buildout is taking capital at a historic rate, causing temporary pressure on global markets. This does not weaken Bitcoin. It reinforces the problem of scarce, liquid, digital capital. Bitcoin remains the primary asset for a long time,” Saylor. he explained.
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It comes amid market uncertainty as the crypto pioneer continues to show weakness. Some associate this weakness with the recent sell-off of MicroStrategy BTC, a move seen as a symbolic breach in the “never sell” fortress.
In some ways, it is it undermined faith in MicroStrategy as a pure BTC project.
To top it off, filings show that on June 5, Le posted to sell 93,738 shares of MicroStrategy (MSTR) at a weighted average price of $118.73. The money came to about $11.1 million.
It is important to note that a sale may not be a call.
They covered tax expense on 190,740 performance stock units issued on June 3. Le still has 119,925 shares Strategy. Even so, the time brings anxiety.
“It’s not a good time to do this,” researcher Ted Pillows he said.
Why Optics Bite
Wear that sharpens steel. Those units paid 200% because the strategy’s three-year return was in the top section of the Nasdaq Composite. The award for the years of overachievement came in the worst week of the year.
MicroStrategy sells it as a Bitcoin project. Investors buy it for a solid big BTC asset and refuse Saylor to sell.
The stock went through a Rule 10b5-1 plan that was established in May 2024, so the timing was automatic rather than scheduled.
Despite this, the company recently made a Bitcoin transactions are regulated by shares of 32 BTC, its first since 2022.
Critics have long warned about MicroStrategy problem for Bitcoin, and the move was re-opened the argument for maximalism among the residents.
The Bitcoin price shows a weak head this week leaving Saylor’s long thesis and his CEO’s taxes clashing in front of the public.
A note MicroStrategy CEO Sells Shares for $11 Million appeared for the first time BeInCrypto.
