'No Truth to the Rumor': Michael Saylor Says Strategy Aggressively Accumulating Bitcoin
Michael Saylor denied rumors that Strategy was selling Bitcoin, confirming the company is aggressively accumulating more BTC.Summary
Executive Chairman Michael Saylor of Strategy (MSTR) vehemently denied circulating rumors that the company was selling its Bitcoin holdings amid recent market volatility and steep slides in both BTC and MSTR stock prices. During a CNBC appearance, Saylor stated that Strategy is not only continuing its accumulation strategy but is actually "accelerating [its] purchases," promising to report new buys on Monday. The rumors originated from on-chain data showing BTC moving out of company-controlled wallets. Saylor later reinforced his denial on X, stating, "There is no truth to this rumor." He advised investors to maintain a long-term perspective, noting that Bitcoin's current price, despite the drop, still represents a significant gain from previous support levels. The context for the rumors included Strategy holding over 641,000 BTC (worth about $22.5 billion), while the company's market cap had fallen below that value, pushing its market-to-net-asset value (mNAV) below 1, which might suggest selling for stabilization could be rational.
(Source：CoinDesk)