MicroStrategy and Saylor disclosed that their first BTC purchase took place in 2020. The software company is a publicly-traded company in the U.S. and must be transparent about its treasury strategy or risk facing legal consequences.<\/p>\n
Jarvis Labs highlighted the complexity of labeling BTC addresses and dismissed the rumors with the following statement:<\/p>\n
Wallet labels are incredibly complex and a sensitive topic. As they lack confirmations from the concerned party most of the time. So take such noise with a grain of salt. Relax, he has not been selling yet, even if assumed it was Saylor’s MSTR wallet.<\/p><\/blockquote>\n
Saylor Replies To Rumours On Their Bitcoin Holdings<\/h3>\n
CEO at CryptoQuant Ki Young Ju claimed the rumors about the wallet unloading their Bitcoin into the market are \u201cFUD\u201d. The executive said the transactions associated to address 1P5Z are part of an internal transfer.<\/p>\n
In that sense, Young Ju said the BTC might have been sent to a cold or custodian wallet potentially owned by crypto exchange Gemini. Young Ju said:<\/p>\n
For the record, “1FzW…” has closer ties to hot wallets like “1NYA…” and “bc1quq…” and these are not Coinbase or OKx. These are Gemini hot wallets.Lots of on-chain data providers mislabeled them. See this tweet for more details.<\/p><\/blockquote>\n
Related Reading |\u00a0Polkadot (DOT) Gathers Steam, Sets Sight On $8.07 Resistance Level<\/a><\/strong><\/p>\nReplying to all these rumors and speculation, Saylor tweeted with two emojis representing \u201cdiamond hands\u201d. In the past, the executive said their plans are to hold Bitcoin \u201cforever\u201d dismissing any idea of dumping their BTC.<\/p>\n