Michael Saylor Shoots Down Rumors Of Strategy Selling Bitcoin Amid Market Selloff

Bitcoin permabull Michael Saylor has swiftly rebutted claims that his Bitcoin treasury company, MicroStrategy, has liquidated a portion of its massive $BTC holdings.

The rumors began circulating after Strategy transferred $BTC to new wallets. Whispers accelerated in crypto circles following the broader market downturn, fueling concern that the world’s largest corporate Bitcoin holder was reducing its exposure to the alpha cryptocurrency.

Strategy Wallet Movements Spark Market Panic

Community posts on X suggested that Strategy had been dumping Bitcoin, as $BTC and its stock price both fell hard. The speculation originated from on-chain data indicating that Bitcoin was being transferred from Strategy-controlled wallets.

Speculation escalated after a widely followed X user known as Walter Bloomberg posted data from Arkham Intelligence that reportedly indicated a huge drop in Strategy’s Bitcoin haul. The firm’s $BTC balance had apparently dropped from around 484,000 to about 437,000, but the data did not clarify whether the reduction was due to transfers or sales.

“This is the first reported decrease since July 2023, after months of steady accumulation,” Walter wrote in his post.

“We Are Buying Bitcoin”

However, Saylor clarified during a Friday appearance on CNBCthat his company remains committed to its Bitcoin accumulation strategy despite the ongoing crypto market meltdown.

“We are buying Bitcoin, we’ll report our next buys on Monday morning,” Saylor posited, adding that Strategy is “accelerating [its] purchases,” as he suggested that recent activity on the company’s wallets will indicate fierce accumulation.

After the CNBC interview, Saylor asserted in a post on X that “there is no truth to this rumor.”

Arkham also pushed back against Walter’s post, pointing out that Strategy “regularly undergoes wallet/custodian rotations” and that the movements witnessed earlier are likely “a continuation of those transfers.”

Saylor has long been an outspoken Bitcoin advocate, often touting Bitcoin as a superior store of value compared to gold. Last month, he predicted that the leading crypto asset would rocket to a record price of $150,000 by the end of 2025.