Matthew Sigel, head of digital asset research at VanEck, accused the *New York Times* of misrepresenting its reporting on MicroStrategy. Sigel clarified that VanEck actually holds 284,000 shares of MicroStrategy stock on behalf of its clients, making it one of the top 75 holders, and that it has recently increased its position. The *New York Times* article cited VanEck CEO Jan van Eck's statement, "we've stayed away," but failed to clarify that this referred only to VanEck's decision not to transform itself into a Bitcoin treasury holder like MicroStrategy, and not to any negative view of the company or its stock.
VanEck Executive Disputes NYT Report, Reveals Large MicroStrategy Holdings
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Summary
VanEck's Matthew Sigel pushed back against a New York Times report, calling it misleading. He revealed that VanEck holds 284,000 MicroStrategy shares for clients, placing it among the top 75 shareholders, with recent purchases. The article quoted Jan van Eck as saying, "we've stayed away," but Sigel clarified that this referred to VanEck's decision not to become a Bitcoin treasury firm like MicroStrategy. Traders are now analyzing on-chain trading signals to assess the risk-to-reward ratio of MicroStrategy's stock.
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