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BTCS CEO: Naked Short Selling Behavior Must Be Stopped, Aiming to Increase Market Value Through Stock Price Rise Instead of Diluting Shares
Summary: In a recent statement, BTCS CEO Charles Allen expressed that naked short selling is a predatory behavior that manipulates the market by artificially increasing market supply, lowering prices, and diluting the legitimate rights of shareholders. This behavior harms genuine long-term retail investors and must be stopped. Currently, short sellers are betting on a decline in ...
In a recent statement, BTCS CEO Charles Allen expressed that naked short selling is a predatory behavior that manipulates the market by artificially increasing market supply, lowering prices, and diluting the legitimate rights of shareholders. This behavior harms genuine long-term retail investors and must be stopped. Currently, short sellers are betting on a decline in BTCS stock price, expecting us to irresponsibly sell billions of dollars worth of shares through an At-The-Market (ATM) offering, allowing them to buy back at a lower price. As I have mentioned before, my goal is to increase market value through stock price rise, rather than haphazardly diluting shares. BTCS Inc. currently holds 70,000 ETH, valued at approximately $2.994 billion, with a 379.64% increase in holdings in the past 30 days.
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Link: BTCS CEO: Naked Short Selling Behavior Must Be Stopped, Aiming to Increase Market Value Through Stock Price Rise Instead of Diluting Shares [Copy]
