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‘We are buying’: Michael Saylor says ‘no truth’ to rumor that Strategy sold 47,000 bitcoin

The Block
Michael Saylor refuted rumors that MicroStrategy sold 47,000 Bitcoin, asserting, "We are buying quite a lot."

Summary

MicroStrategy Chairman Michael Saylor strongly denied circulating rumors, amplified by a popular X user, suggesting the company had sold approximately 47,000 Bitcoin, reducing holdings from 484,000 BTC to 437,000 BTC. Saylor explicitly stated, "There is no truth to this rumor." He later appeared on CNBC, confirming the company is actively accumulating, saying, "We are buying. We're buying quite a lot, actually," and promised positive news on their next buys. Furthermore, Arkham, the data source cited in the rumor, clarified that the recorded movements were likely routine wallet/custodian rotations, not sales. This denial comes as Bitcoin faced a broad market downturn, with spot Bitcoin ETFs experiencing significant outflows.

(Source:The Block)