Is anyone auditing MSTR's Bitcoin holding? Every time they buy a ton of them, the price seems to go down. I have zero trust for anyone on Wallstreet, including Mr. Saylor, who seems to have reached God status among the screaming number-go-up groupies. Does he publish addresses, and proof that they are owned by MSTR?
Discussion
Saylor and other big institutions don’t buy spot, they usually buy over the counter from miners to not move the market too much. And it’s what is happening since 2020, every time Saylor publishes his buys there is always a sell the news event shortly after.
And of course, $MSTR gets audited as a public company and they definitely will ask about the Billions in Bitcoin. Saylor would hurt himself the most if he would lie about the purchases. And why would he, he gets 0% money to buy Bitcoin anyway.
SRSLY? 1971 Nixon, https://corporatefinanceinstitute.com/resources/accounting/top-accounting-scandals/ , https://en.wikipedia.org/wiki/Wirecard_scandal , https://en.wikipedia.org/wiki/Libor_scandal and so on.
There is always a "reputable" auditor (Emperor's New Clothes) that creates illusion of safety ("trust") and honesty. Why do you Bitcoin?