The post Did Michael Saylor Sell Bitcoin or Not? The Final Word Has Been Given appeared on BitcoinEthereumNews.com. It has been confirmed that the recent allegations that Michael Saylor’s company Strategy (formerly MicroStrategy) sold Bitcoin (BTC) are false. Updated on-chain data provided by Arkham revealed that the transactions in question were not sales, but transfers between storage providers. Over the past two months, the company has diversified its custody services away from Coinbase, moving a total of 58,390 BTC (approximately $5.1 billion) to Fidelity Custody. Fidelity’s omnibus custody model is the root cause of this confusion: Because all client assets are held in the same wallet, Strategy’s Bitcoin holdings appear to be commingled with other clients’ holdings. For this reason, some Bitcoin previously listed under the Strategy label on Arkham are now listed as Fidelity Custody assets. While this may appear to be a sale, the entire movement stems from a change in in-house custody provider. According to Arkham data, when transfers to Fidelity are included, the platform can track approximately 92% of Strategy’s Bitcoin holdings. The company’s total Bitcoin holdings stand at 641,692 BTC (approximately $56.14 billion), of which 165,709 BTC (approximately $14.5 billion) have been sent to Fidelity Custody. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/did-michael-saylor-sell-bitcoin-or-not-the-final-word-has-been-given/
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Did Michael Saylor Sell Bitcoin or Not? The Final Word Has Been Given
