Saylor moved quickly on Friday to stamp out fresh speculation that his Bitcoin acquisition vehicle, Strategy, had quietly sold tens of thousands of coins during this week’s market downturn.
The executive chair called the claims “false” and insisted the company is still accumulating Bitcoin despite a volatile stretch that pushed BTC below $95,000 for the first time in six months.
The rumors exploded after crypto analytics platform Arkham flagged what it described as a drop in Strategy’s Bitcoin holdings from 484,000 BTC to 437,000 BTC, a difference of roughly 47,000 BTC worth about $4.6 billion at the time.
The report circulated just as Bitcoin slipped more than 4% in under 24 hours, falling from above $100,000 to below $95,000. Saylor dismissed the speculation in a post on X, writing that there was “no truth” to suggestions the firm had reduced its position.
Saylor Rejects Sell-Off Rumors, Confirms Strategy Added 487 BTC This Week
Speaking later on CNBC, he doubled down, saying Strategy was not only not selling but was accelerating its purchases. “We are buying,” Saylor said. “We’ll report our next buys on Monday morning.”
He added that the current price action had not shaken the firm’s strategy. “If you’re going to be a Bitcoin investor, you need a four-year time horizon, and you need to be prepared to handle volatility.”