Michael Saylor Shuts Down Bitcoin Sale Rumors, Confirms Buying

Michael Saylor denied rumors of Strategy selling 47,000 BTC, clarifying that recent wallet movements were internal transfers. He reaffirmed the company’s commitment to buying more Bitcoin and dismissed the sale speculation as false.

Rumors circulated that Strategy had sold 47,000 BTC, reducing its holdings from about 484,000 to 437,000 BTC, after Arkham data showed large Bitcoin wallet movements. This led to speculation of a significant sale, contributing to a sharp drop in Bitcoin’s price and Strategy’s stock. However, Michael Saylor publicly denied any Bitcoin sales, clarifying that the observed wallet activity was due to internal transfers rather than disposals. He reaffirmed the company’s commitment to accumulating Bitcoin, stating in a CNBC appearance that Strategy is actively buying more and will report new purchases soon. Arkham and other sources emphasized that on-chain data can indicate movement but does not confirm intent or sales. Saylor’s statements and social media posts further underscored the company’s long-term holding strategy and dismissed the rumors as unfounded.