How Microstrategy's Bitcoin Purchases Could Doom Bitcoin
Microstrategy completed a 2500 Bitcoin purchase bringing their total holdings to 132,500 Bitcoin. Could this corporate buying set a precedent for Bitcoin to be controlled by the legacy centralized financial complex?
Billionaire and digital socialite Elon Musk sold $23 billion worth of Tesla stock in 2022. Consequently, Tesla is beating out Meta and winning the crown for the worst-performing valuable tech stock in an atrocious market. Musk has sold 94.2 million shares, representing 0.35% of all Tesla's floating shares this year.
Investors should note that Musk previously stated he would be the last Tesla seller, as seen in this 2013 Tweet.
On the bright side for Tesla investors, Musk recently said that he doesn't plan any additional stock sales for the next 18 months.
I’m not selling any stock for, I dunno, a minimum of 18–24 months. You can count on me, no stock sales until 2025 or something. I needed to sell some stock just to make sure there’s still some powder…
