u.today
Billionaire Michael Saylor has taken to the X social media network to deny rumors of a massive Bitcoin sale.
Earlier this Friday, the “Walter Bloomberg” account (@DeItaone) reported that Saylor’s Strategy (MSTR) had reduced its Bitcoin holdings by 47,000 BTC, dropping from about 484,000 BTC to 437,000 BTC based on the on-chain data provided by Arkham .
This would be a significant sell-off, considering that Saylor previously viewed
Arkham’s data shows the movement of BTC, but it cannot distinguish whether the decrease was due to actual sales, transfers to another wallet, or some internal accounting adjustment. So the “47,000 BTC sold” claim was actually merely inferred from wallet movements
The key takeaway is that blockchain analytics can show wallet activity, but it doesn’t always reveal intent. Transfers between wallets or custodians could look like a sale.