Saylor’s “Strategy” May Bid Farewell To Its Bitcoin (BTC) If This Happens
The rumor mills are running high in the current cryptocurrency market, compelling investors to think twice and thrice about their recent market explorations. In a recent new rumor spree, Michael Saylor, former CEO of MicroStrategy, recently rebranded as “Strategy,” might be forced to sell its Bitcoin if BTC’s price continues to plunge, per the latest 8-K form filing filed by the firm with the SEC on April 7. Also Read: China’s Central Bank Asks State-owned Banks to Reduce US Dollar Purchases Is Michael Saylor Ditching Bitcoin? Source: Watcher Guru Michael Saylor, former CEO of MicroStrategy, popularly known as Strategy, might be bailing away from Bitcoin. A new rumor suggests that Saylor has filed a new 8-K form with the US SEC, stating that the firm may be obliged to sell its Bitcoin if it continues to fall or plunge in the near future. At the same time, the clause is dubbed a standard risk procedure and may come into effect if BTC plunges below normal price thresholds. “The rumor has...