Strategy Inc. Continues Bitcoin Accumulation, Refutes Sale Rumors

Michael Saylor, Executive Chairman of Strategy Inc., dispelled rumors of Bitcoin sales, affirming ongoing acquisitions. Public records show the company holds approximately 641,692 Bitcoins as of November 2023.

Saylor’s stance reinforces Strategy Inc.’s long-term Bitcoin strategy amidst market volatility, potentially influencing investor confidence and impacting Bitcoin’s perceived stability in fluctuating markets.

Saylor Confirms 641,692 BTC Holdings Amid Market Volatility

Michael Saylor, Chairman of Strategy Inc., reaffirmed the company’s stance on Bitcoin, declaring ongoing acquisitions contrary to public rumors about selling holdings. The public dashboards confirmed the company’s Bitcoin holdings at approximately 641,692 BTC.

Saylor emphasized the importance of a long-term perspective when investing in Bitcoin, highlighting its natural volatility. He publicly reassured investors that Strategy Inc. remains committed to its Bitcoin strategy:

“If you choose to invest in Bitcoin, you need to have a holding perspective of over four years, as volatility is the norm.”

Market reaction was immediate, as Saylor’s statement mitigated potential investor concerns about major sell-offs. His declaration on public platforms reinforced Strategy Inc.’s role in the broader Bitcoin landscape, even as Strategy weakens, yet still trades at a premium to Bitcoin holdings.

Bitcoin Price Dips 0.91% as Strategy Inc. Stays the Course

Did you know? Strategy Inc. has consistently held its Bitcoin assets even through significant market downturns, supporting its long-term investment philosophy.

Bitcoin’s current price stands at $96,097.76 with a market cap of $1.92 trillion, demonstrating a 0.91% decrease over the last 24 hours, according to CoinMarketCap. Its 90-day performance shows an 18.5% decline, reflecting volatility trends that Strategy Inc. has historically withstood.

Insights from Coincu’s research suggest that maintaining a robust holding framework could buffer against immediate market fluctuations. Analysts highlight the advisability of patience in Bitcoin investments, consistent with Strategy Inc.’s long-term directives.