MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…
Tag: Silk Road
The US Government Seized 69,369 Bitcoins Worth $1 Billion
According to Bloomberg's report, the US Justice Department has seized 69,369 Bitcoins currently worth over $1 billion. Besides Bitcoins, the department also took holding Bitcoin Cash, Bitcoin Gold, and Bitcoin SV. It is the largest seizure of cryptocurrencies in the history of the Department of Justice. These Bitcoins were stolen from the infamous dark web market Silk Road. As per the court documents, Ross Ulbricht, founder of Silk Road, became aware of the hacker's online identity who stole these Bitcoins.…
2 years ago 
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