MicroStrategy Don Confirm Say Dem Dey Buy Bitcoin Amid Sell-Off Rumors
MicroStrategy don deny on-chain data wey talk say dem dey sell Bitcoin and dem still dey follow dia plan to dey buy BTC. On November 14, dem con move 58,915 BTC go some new custody wallets, dis one make pesin talk say dem dey sell because their mNAV drop below 1 and their shares reach annual low. Executive Chairman Michael Saylor talk say all these talk about selling na lie, him talk say “We dey ₿uy” and dem go tell more about how dem dey buy on Monday. Between November 3 and 9, MicroStrategy buy 487 BTC for $49.9 million at average price $102,557. Under their ATM program, the company still get $46.1 billion share issuance capacity to buy more Bitcoin later. Their balance sheet now get over 641,000 BTC (about $22.5 billion), and market-to-net-asset value dey below one, so traders dey reason say they fit support Bitcoin price.
Bullish
MicroStrategy tey still dey collect Bitcoin plus dem deny say dem dey sell BTC mean say one big institutional player still dey demand am. This one dey boost short-term feeling because e cool down fears of selling and fit make rally start as traders dey expect fresh buying. For long term, constant buying under ATM program plus strong balance sheet dey give Bitcoin demand base, e go help market steadiness and support price growth.