‘$1 Million Bitcoin’ Advocate Samson Mow Holds Bitcoin ETFs, but Sells MicroStrategy Shares
Vocal Bitcoin advocate Samson Mow, CEO of BTC-focused company Jan3 and former CSO at Blockstream, is known for promoting the belief that Bitcoin will eventually reach a price of $1 million. In a recent tweet, Mow confessed to owning some energy stocks and Bitcoin ETFs.
Mow’s reference to Bitcoin ETFs likely pertains to spot-based ETFs, which have been trading since their approval by the Securities and Exchange Commission in January. These ETFs allow investors to gain exposure to Bitcoin’s price without actually holding the cryptocurrency.
While Mow has opted for Bitcoin ETFs, he has sold his MicroStrategy shares. MicroStrategy, led by Bitcoin advocate Michael Saylor, has been accumulating Bitcoin on their balance sheet since August 2020. Just five days ago, MicroStrategy purchased an additional 12,000 BTC. However, Mow has chosen to divest from MicroStrategy and instead focus on Bitcoin through ETFs.
The move to sell his MicroStrategy shares in favor of Bitcoin ETFs suggests that Mow wants to stay closely aligned with Bitcoin. It is also likely that, as an early adopter of Bitcoin, Mow holds a significant amount of the cryptocurrency directly.
Overall, Mow’s actions demonstrate his commitment to Bitcoin and his belief in its long-term growth potential.