Odds are Bitcoin Worth $200 Million is about to be Liquidated by Microstrategy on Saturday

News • 2020/09/23 • by

Our decision to liquidate could be any time during the day or any day of the week. The CEO (Micheal Saylor) of MicroStrategy has made it public that their $400 million bitcoin worth invested in the firm could be liquidated at any time.

During an interview, help on Monday, 22nd of September, told Bloomberg that even though volatility might not be the convincing reason to sell: he can decide to sell the 38,250 BTC if he finds other assets that can potentially yield better.

He also added that even though the liquidation can occur at any time of the week, if he wants $200 million worth, there are chances it will happen on a Saturday.

MicroStrategy doesn’t plan to sell the newly acquired BTC: most especially because of the so-called asset-inflation. The asset inflation is pictured to rise to above 20% surge a year. The firm is confident that investing in BTC has less risk than having cash in hand or holding gold.