BlockBeats News, August 12th, BTCS CEO Charles Allen of the U.S. listed company BTCS stated, "Naked short selling is a predatory behavior that manipulates the market by artificially increasing market supply, driving down prices, and diluting the legitimate rights of 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 the BTCS stock price, expecting us to irresponsibly sell billions of dollars of stock through an At-The-Market (ATM) offering, allowing them to buy back at a lower price. As I have said before, my goal is to increase market value through stock price appreciation, not reckless share dilution."
BTCS Inc. (BTCS) currently holds 70,000 ETH, valued at approximately $299.4 million, with a 30-day holding increase of 379.64%.
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