Michael Saylor Refutes Bitcoin Sale Rumors, Confirms Continued Accumulation

Michael Saylor, CEO of Strategy, has firmly denied allegations that the firm sold approximately 43,415 BTC, valued at around $4.26 billion. The rumors emerged following reports from Arkham Intelligence, which indicated that the company had transferred significant amounts of Bitcoin across various wallets, leading to widespread concern among investors as Bitcoin’s price dipped below $95,000.

In a statement, Saylor clarified that the supposed sales were misinterpretations of custodial activity. He described the transfers as part of a routine rotation involving Coinbase Custody and a new custodian, emphasizing that the firm has not liquidated any of its Bitcoin holdings. According to Arkham Intelligence, the movements likely reflect internal adjustments rather than actual sales. Their analysis indicated that such transfers often trigger fear, uncertainty, and doubt (FUD) during bearish market conditions.

Arkham Intelligence noted, “Over the past two weeks, the Arkham platform has shown Strategy making a series of transfers from Coinbase Custody to a new custodian. It is likely that today’s transfers are a continuation of this rotation.” This clarification aims to alleviate investor anxiety, especially given Strategy’s substantial Bitcoin holdings, which serve as a benchmark for many in the cryptocurrency market.

Strategy’s Steady Holdings and Future Outlook

Despite the market downturn, Strategy’s official dashboard confirmed that the firm’s Bitcoin holdings remain stable at around 641,692 BTC. Since 2020, the company has maintained a strategy of treating Bitcoin as a primary treasury reserve asset, consistently acquiring more during market dips. Saylor stated his commitment to this strategy, emphasizing that the company is currently increasing its Bitcoin purchases.

In an interview with CNBC, Saylor highlighted his optimism regarding Bitcoin’s potential. He described current price levels as a strong base and predicted that Bitcoin would outperform traditional assets like gold and the S&P 500 by the end of 2025. His positive sentiment reflects a broader belief in the cryptocurrency’s long-term value, even amidst recent volatility.

Following the speculation regarding sales, Strategy’s class A stock, MSTR, experienced a slight decline of 4.2% on Friday, coinciding with Bitcoin’s drop. However, the cryptocurrency rebounded to $96,500 shortly after, suggesting a quick recovery from the initial panic.

As the cryptocurrency market continues to navigate volatility, Saylor’s reaffirmation of Strategy’s commitment to Bitcoin could play a pivotal role in stabilizing investor confidence. With further acquisitions expected to be announced soon, the firm’s approach may influence both its own stock performance and broader market trends.

Overall, Saylor remains steadfast in his belief that Bitcoin’s trajectory will lead to significant gains in the coming years, reinforcing his position as a prominent advocate for the cryptocurrency within the financial landscape.