Michael Saylor Dismisses Rumors of Strategy’s Bitcoin Sale

Michael Saylor, executive chairman of Strategy, quickly addressed rumors that the company had sold some of its Bitcoin. He acted fast to calm worried investors and people in the crypto space.

The rumors started amid a broader market downturn and spread quickly online, causing confusion among traders and investors.

Rumors Spread After Big Bitcoin Transfers

The rumors began after large Bitcoin transfers, linked to addresses previously associated with Strategy, circulated across the network. Screenshots of these movements went viral, and some influencers claimed the company had sold over $1 billion worth of Bitcoin. 

The speculation gained momentum during a period of declining crypto prices. This fueled worries across the crypto community that one of the largest corporate holders of Bitcoin was reducing exposure.

Further uncertainty emerged when Arkham data showed Strategy’s Bitcoin balance dropping from around 484,000 to roughly 437,000. The report did not clarify whether the decrease resulted from actual sales or internal transfers between wallets. 

The potential reduction marked the first visible decline since mid-2023, drawing attention from traders closely monitoring the firm’s wallet activity.

Michael Saylor Shuts Down Bitcoin Sale Rumors

Michael Saylor, a well-known Bitcoin supporter, responded quickly in a recent X post and firmly denied the claims that Bitcoin had been sold. He said the company still has a strong long-term belief in Bitcoin and even expects it to rise by the end of the year.

Saylor also said that, in the long run, Bitcoin could become more valuable than gold by 2035.
Others in the industry stepped in to clear up the confusion. 

In a X post, Ted Pillows clarified that the Bitcoin was only moved to another wallet and was not sold, and he warned people not to share unverified claims from clickbait sources.
His comments helped slow the spread of the rumor, but the speculation continued for a short time until Saylor’s firm statement calmed the market. 

The situation shows how fast false information can spread in the crypto world, especially when prices are falling. Strategy’s strong denial and the clarifications from trusted voices have now helped restore confidence in the market.  

Bitcoin Market Faces Fresh Swings

Strategy’s Bitcoin sell-off rumors comes as the crypto market faces renewed volatility, with prices fluctuating amid broader economic uncertainty and investor caution. A few days ago, the flagship crypto briefly saw an uphill trend, surging past $106,000. 

This comes as political developments in the United States bring hope for an end to the prolonged government shutdown. At the time of writing, Bitcoin is trading at $97,158, down by 3.79% in the last 24 hours, according to CoinMarketCap data. 

Despite the volatility, industry leaders Bitcoin supporters like Robert Kiyosaki, Samson Mow have remained optimistic, saying coin’s bull run has not even yet started. Recently, JPMorgan analysts believe Bitcoin’s price could rise to about $170,000 in the next 6 to 12 months.