The dust raised by business intelligence firm MicroStrategy when it transferred 1,652 Bitcoin worth about $114 million appears unsettled. In the broader cryptocurrency space, speculation persists about the firm’s possible Bitcoin sale.
Some have even attributed the current market volatility witnessed by Bitcoin to a likely effect of fear over a possible sale by MicroStrategy. However, CoinShares analysts have found credible reasons why MicroStrategy might not sell its Bitcoin accumulated over four years.
The MicroStrategy Commitment to Long-Term Bitcoin Accumulation
According to CoinShares analysts, MicroStrategy’s announcement in its October report indicates its long-term commitment to the Bitcoin strategy. The business intelligence firm announced a $42 billion capital to acquire more Bitcoin over the next three years. The accumulation strategy would combine debt and equity financing to leverage its Bitcoin holding.
The analysts maintain that for this to happen, Micr
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