In recent Bitcoin news, Michael Saylor refuted claims that Strategy sold portions of its Bitcoin (BTC) treasury.
Arkham data had suggested the company’s holdings dropped from 484,000 to approximately 437,000 BTC. Saylor responded to a social media report with an explicit denial.
Bitcoin News: Saylor Rejects Arkham Report of 47,000 BTC Reduction
Walter Bloomberg posted on X that Arkham intelligence data showed Strategy reduced its Bitcoin position by roughly 47,000 BTC.
The Bitcoin news report noted uncertainty about whether the change came from transfers or sales. The information gained traction with over 252,000 views and 362 reposts within 48 minutes.
Saylor responded beneath the post with a direct statement: “There is no truth to this rumor.”
The denial contradicted the blockchain analytics data that had triggered concern among Strategy shareholders and the broader market.
Strategy held 641,692 BTC as of November 14, according to company disclosures. The position represented nearly 3.1% of Bitcoin’s total circulating supply.
The company maintained a blended cost basis of approximately $74,000 per coin.
Bitcoin News: Executive Chairman Projects Rally From Current Support Level
Saylor told CNBC on November 14 that Bitcoin established a solid floor after recent corrections.
He cited heavy leverage washouts, forced liquidations, and profit-taking by long-term holders around $100,000 as catalysts that cleared speculative excess.
He stated during the interview:
“We put in a pretty strong base of support around here […] “I’m fairly comfortable at this level… we’ll build from this base and we’ll rally from here.”
In recent Bitcoin news, Saylor declined to provide year-end price targets, acknowledging shifts in the macroeconomic environment.
He emphasized Bitcoin’s outperformance against gold and the S&P 500 across multi-year periods. Saylor advised investors to adopt four-year time horizons to manage volatility.
The perspective aligned with his long-standing position on Bitcoin as a capital asset rather than a trading vehicle.
Bitcoin News: Strategy’s Leverage Structure Provides Drawdown Protection
Saylor addressed risk concerns by outlining the Strategy’s conservative debt position. The company operated at a leverage ratio of less than 1.15 times.
Debt maturities extended approximately four and a half years into the future. No near-term triggers existed that could force asset sales.
He asserted that even an 80% Bitcoin drawdown would leave Strategy over-collateralized. The company continued accumulating Bitcoin throughout recent volatility.
Saylor confirmed:
“We are always buying.”
Additionally, Strategy had accelerated its purchase program despite price fluctuations.
Saylor separated Bitcoin from stablecoins and proof-of-stake networks during the interview. He positioned Bitcoin as digital capital serving the same function as gold.
Stablecoins and tokenized assets represented digital finance in his framework. He projected that stablecoins would scale to trillions without competing with Bitcoin’s role as a capital asset.
Bitcoin News: Technical Support at $93,600 Represents Critical Threshold
Bitcoin traded at $95,252.99 as of press time on November 14. The Fibonacci 0.618 retracement band between $93,600 and $93,700 marked the next immediate support zone.
In further Bitcoin news, technical analysts warned that a break below this level could trigger further declines. The 0.786 Fibonacci retracement sat near the $85,000-$86,000 range.
This level is aligned with head-and-shoulders downside targets identified by multiple technical analysts. The zone represented a potential 10% decline from current prices if the $93,600 support failed.
Each percentage move in Bitcoin translates into billions in market capitalization changes for the company.
Strategy’s mNAV Faces Compression Risk at $86,000
Strategy’s market capitalization stood at $57.362 billion with shares priced at $199.75 as of press time.
The company’s 641,692 BTC treasury would be valued at $55.185 billion if Bitcoin were to drop to $86,000. This scenario would produce an mNAV ratio of approximately 0.962.
An mNAV below 1.0 indicated that Strategy’s stock traded at a discount to its underlying Bitcoin holdings.
The metric serves as a key valuation benchmark for investors evaluating the premium or discount attached to the company’s shares relative to its treasury.
As of press time, in Bitcoin news, Strategy’s mNAV sits at 0.944, according to Bitcoin Treasuries. It seems that a Bitcoin dip wouldn’t be so detrimental for the mNAV narrative of MSTR shares.