Post
Topic
Board Bitcoin Discussion
Re: New whale bought $3 billion dollars worth of Bitcoins..
by
kensaii
on 17/08/2022, 16:57:57 UTC
More detailed interaction between MicroStrategy, other wallets and 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd, you can see that coinbase wallets are also sending bitcoin to Microstrategy and then later sent to the legacy wallet address.

I see you mentioning that name 3 times and labeling some addresses as such but can you please elaborate:
- what addresses are those owned by MicroStrategy as you never mentioned them
- why do you think those are owned by them at all other than having a lot of coins?

Still the author got what he wanted and thats your click and his ad revenue.

Unfortunately for him, I use uBlock and  so his add revenue is zero!  Grin
Worse, you wasted their bandwidth data so they were with the net loss, not you! Take that shitty unethical journalism site. I know the server's bandwidth nowadays is dirt cheap but if only 100% of users clicked on that article come with ad block like you, the site would be at the net loss.

I retain many doubts about Microstrategy selling their stash.
I am going to post here the first three reasons that come to my mind, in relative order of importance:
  • To date, any labelling of a bitcoin wallet to Microstrategy appeared shady or tentative to me. I guess their UTXO management is very wary of privacy considerations, so I tend to believe that any labelling is improbable, to say the least.
  • As Micheal Saylor said, Microstrategy is a listed company, hence any movement in their Bitcoin Stash, as a price sensitive informa to in, as to be readily disclosed to public. So there cannot be things as “rumours”. This is more true when the alleged sell is not negligible.
  • Micheal Saylor reiterated also recently that any sell in Bitcoin is against their “Bitcoin Strategy” so I tend to believe they are not selling.
Not sure but a change in Microstrategy recently where Phong Le succeeded Saylor as CEO implies they might start to abandon their 'old core' around Micheal Saylor's beliefs. Perhaps a more pragmatic approach even though Phong Le reiterated the same thing as Micheal Saylor, about HODL Bitcoin under his watch as well.