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

News • 2020/09/23 • par
remitano

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.

Source: Cointelegraph

commentaires (4)
Invité
visiblemoney
il y a 6 ans
I think he made his point! Investing in asset is better than having cash in hand or investing in precious metal.
paulsmith2018
il y a 6 ans
If and only if , There is other asset/assets greater in value than BTC at the moment..
exodusab
il y a 6 ans
More power to BTV
exodusab
il y a 6 ans
More power to BTC

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