TLDR
- Rumors circulated on X that Strategy reduced its bitcoin holdings by 47,000 BTC.
- Michael Saylor immediately denied the claim, saying "There is no truth to this rumor."
- Saylor told CNBC: "We are buying. We're buying quite a lot, actually."
- Most reported wallet movements appear to be part of normal custodian rotations.
- Recent SEC filing shows Strategy added 487 BTC for roughly $49.9M, bringing its holdings to 641,692 BTC.
- The company plans to disclose its next batch of purchases on Monday.
Michael Saylor has dealt with countless rumors throughout his years in the Bitcoin spotlight, but the latest one-claiming Strategy sold tens of thousands of BTC-was shut down almost instantly.
On Friday morning, a post from the popular X account Walter Bloomberg claimed Arkham data showed that Strategy's bitcoin holdings dropped from 484,000 BTC to roughly 437,000 BTC. That appeared to show a 47,000 BTC reduction, a number big enough to rattle crypto markets and spark speculation across social channels.
But Saylor did not let the rumor breathe for even a few minutes. His response was direct.
The Strategy chairman also posted an AI-generated meme of himself floating calmly in the ocean with the Titanic sinking behind him-an image users joked was either perfect timing or ironic messaging.
What Sparked the Confusion?
The initial post that triggered the frenzy came from an influential X account known for rapid market updates. The message said:
It was enough to ignite a wave of questions about transfers, sales, and potential liquidation moments from one of the biggest bitcoin holders in the world.
Arkham Intelligence metrics often track blockchain movements, but as with every large corporate wallet, interpreting them remains tricky. Strategy uses multiple custodians and complex internal structures, so movements between addresses are easy to misinterpret if viewed without context.
This is why the rumor spread quickly-but the explanation arrived even faster.
Why These Rumors Matter So Much
A rumor about Strategy selling bitcoin doesn't circulate in a vacuum. It spreads because the company holds a massive position and is widely seen as a bellwether for institutional confidence in BTC.
Here's why it matters:
- Strategy is the largest public holder of bitcoin.
- Its public-market strategy often influences sentiment across investors.
- Saylor's vocal support for Bitcoin has made him a pillar figure within the broader digital asset ecosystem.
- Large transfers from any Strategy-related wallet quickly get tracked and interpreted.
Whenever numbers or metrics involving Strategy appear, markets tend to react quickly-even if the interpretation is wrong. This is exactly what happened on Friday.
Market Conditions Add Fuel to the Narrative
The rumor arrived during a rough moment in the broader market.
Bitcoin has been facing a drawdown, with prices slipping and investor sentiment cooling. The timing made the claim more believable for some traders who assumed Strategy might be taking profits or adjusting risk. But the SEC filings show accumulation, not reduction. Even in downturns, Saylor maintains his thesis: Bitcoin is the strongest long-term asset, and dips are buying opportunities.
What Happens Next?
Saylor's comment that Strategy will disclose new purchases on Monday adds anticipation to the narrative. If the upcoming report shows significant accumulation, it may help stabilize market sentiment and reset the conversation.
The company's next filings will provide concrete evidence, but historically, Strategy has been transparent and consistent with its reporting. There has never been a stealth sale. Never a surprise liquidation. Only steady accumulation backed by publicly disclosed filings.
Investors and analysts will be watching Monday's update closely.
