MicroStrategy has refused to address allegations that it has been lying about its Bitcoin holdings to attract investor funds and continue accumulating BTC.
A whistleblower made the accusation, but when approached by Crypto Intelligence News, the Nasdaq-listed company declined to comment.
If the allegations prove true, the consequences could be significant for both MicroStrategy and the broader cryptocurrency market. Misrepresenting Bitcoin reserves would constitute securities fraud, potentially leading to legal action from regulators such as the U.S. Securities and Exchange Commission (SEC).
This could result in substantial fines, leadership shakeups, and even criminal liability for those involved. Additionally, investors who suffered financial losses due to misinformation might file lawsuits, further destabilizing the company.
Despite the controversy, Michael Saylor, executive chairman of MicroStrategy, recently emphasized the company’s Bitcoin gains. On Feb. 11, he stated: “So far this year, Strategy treasury operations have resulted in a BTC Gain of ₿18,527, which equates to a BTC $ Gain of ~$1.8 billion for MSTR shareholders.”
MicroStrategy now holds 478,740 BTC, valued at $46.7 billion, maintaining its status as the largest corporate Bitcoin holder. Recent filings reveal an additional 7,633 BTC purchase for $742.4 million, funded through stock sales and preferred stock offerings.
Saylor remains bullish on Bitcoin, predicting a base-case price of $13 million per coin by 2045, with potential highs of $49 million, depending on adoption and market growth.