The Bitcoin Sell Off That Wasn't: Why Saylor's Strategy Won't Change Your Mind The recent sell off of large quantities of Bitcoin by Michael Saylor's MicroStrategy has left many investors wondering if the company's strategy will have a significant impact on the market.
However, upon closer examination, it becomes clear that this move is largely irrelevant to understanding the value of Bitcoin itself.
In August, MicroStrategy sold 3,328 BTC for $213 million over two weeks, sparking fears among investors that the company's sales would spark a larger sell off. But these concerns are overstated.