BTCS CEO criticizes naked short selling, reiterates that he will not dilute shares, holds 70,000 ETH.

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[Coin World] On August 12, Charles Allen, CEO of the publicly listed company BTCS, stated, "Naked shorting is a predatory practice that manipulates the market by artificially increasing supply, depressing prices, and diluting the rights of legitimate shareholders. This behavior harms true long-term retail investors and must be stopped. Today, we believe that short sellers are betting on a decline in BTCS's stock price, expecting that we will irresponsibly sell billions of dollars worth of stock through an Automatic Trading Machine (ATM), allowing them to buy back at a low price. As I mentioned before, my goal is to increase market capitalization through a rise in stock price, rather than recklessly diluting shares." BTCS Inc. (BTCS) currently holds 70,000 ETH, valued at approximately $299.4 million, with holdings increasing by 379.64% over the past 30 days.

ETH2.88%
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All-roundSupportvip
· 08-12 09:33
Just go for it💪
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RugpullSurvivorvip
· 08-12 09:18
This guy is too delusional, buying the dip without thinking.
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GasGrillMastervip
· 08-12 08:10
It's beautifully said, but let's see how it plays out later.
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JustAnotherWalletvip
· 08-12 08:10
What an amazing performance, already bought the dip.
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GasFeeCrybabyvip
· 08-12 08:08
If you can't afford to play, then don't play.
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AirdropCollectorvip
· 08-12 08:04
Who wouldn't be tempted by 70,000 ETH!
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MEVHunterLuckyvip
· 08-12 08:03
There is still something to shorting!
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ChainComedianvip
· 08-12 07:53
What can this little bit of ETH buy?
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