'We are buying': Michael Saylor says 'no truth' to rumor that Strategy sold 47,000 bitcoin
Quick Take Earlier on Friday, a popular X account said Arkham data showed that Strategy reduced its bitcoin holdings from 484,000 to approximately 437,000. “We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning,” Saylor told CNBC.
Strategy Chairman Michael Saylor was as defiant as ever on Friday, dismissing claims his company sold some of its bitcoin holdings.
In a post from the popular X user known as Walter Bloomberg, Arkham data reportedly showed that Strategy reduced its bitcoin holdings from 484,000 BTC to approximately 437,000 BTC.
"It's unclear whether this came from transfers or sales. This is the first reported decrease since July 2023, after months of steady accumulation," Walter Bloomberg said in the post . However, Saylor was quick to refute.
"There is no truth to this rumor," Saylor replied. The outspoken bitcoin advocate posted an AI-generated image of himself floating in the water with the Titanic sinking in the background, which some users viewed as mixed messaging.
The Strategy co-founder appeared on CNBC on Friday morning and remained bullish despite the latest market drawdown.
"We are buying. We're buying quite a lot, actually, and we'll report our next buys on Monday morning. I think people will be pleasantly surprised," Saylor told CNBC.
Arkham also pushed back against Bloomberg's post, noting that Strategy "regularly undergoes wallet/custodian rotations" and that the movements recorded this morning are likely "a continuation of those transfers."
According to a Nov. 10 filing with the U.S. Securities and Exchange Commission, Strategy recently purchased 487 BTC for approximately $49.9 million, which brought its total holdings to 641,692 BTC. TD Cowen estimates Strategy’s newest preferred stock offering will see the company add 6,720 BTC to its treasury.
The price of bitcoin traded under $97,000 on Friday amid a broad market downturn that began the previous day. Spot bitcoin ETFs saw $869 million in outflows , marking their second-largest exit on record.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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