The rumor quickly spread and caught the attention of Bitcoin Twitter. Many expressed mixed feelings of disbelief and disappointment.
As the perma-bear Peter Schiff got a whiff of the rumor, he expressed his concerns on Twitter about the unethical nature and legal consequences if verified true.
The medium post claimed that Saylor was the number one biggest loser of the dot-com bubble, was accused of fraud, and also claimed that he does not actually like Bitcoin and has been selling thousands secretly. The author of the medium article came to the conclusion that
Microstrategy has been selling Bitcoin because it appeared that the address was sending some Bitcoin to Coinbase.
The author of the medium post does not appear to be the biggest fan of Saylor or Bitcoin in general. He wrote, “His investment failures came from years of negligent accounting practices, fraud, and overall terrible leadership. It’s clear his company's valuation is solely based on his ability to attract hype by engaging in popular 'trends', which we saw with their eagerness to be at the center of the dot-com bubble, and now with the Bitcoin bubble.”
The rumor quickly came to the attention of Saylor where he clarified on Twitter to everyone that he has not been selling any Bitcoin as any changes in their strategy must be disclosed to shareholders through official SEC filings available to the public.