Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I'm sorry but how's transferring his company stock to some LLC evidence of dumping? This is done all the time for a litany of reasons.

Anyways since you want evidence, you're welcome to check the company's disclosures to see that they aren't dumping bitcoin, in fact they seem to be buying more [1]. This disclosure is from today (5th March 2021).

As for the gift of shares to a charitable foundation, Michael Saylor has been funding the Saylor Academy [2] since 1999 so it seems like it very well could be for that or another valid charitable cause. It's also not evidence of dumping.

[1] https://www.microstrategy.com/en/investor-relations/financia...

[2] https://en.wikipedia.org/wiki/Saylor_Academy



He's marketing his own company's stock as an investment vehicle for Bitcoin, shilling Bitcoin, and then dumping his own stock. He's clearly not planning to dump Bitcoin, otherwise the whole plan goes up in smoke.

Seems like a pretty sweet setup for an experienced fraudster.

https://twitter.com/michael_saylor/status/133755689074262425...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: