Michael Saylor Debunks Rumor of Strategy Selling Bitcoin

Michael Saylor has moved quickly to shut down fresh speculation that Strategy had sold part of its massive Bitcoin treasury. This comes after a flurry of viral posts claimed the company had reduced its holdings. The rumors accelerated during a broader crypto market decline, fueling concern that one of Bitcoin’s largest corporate holders was cutting exposure.

Saylor Denies Bitcoin Sale as Wallet Shifts Spark Market Panic

The confusion began after large Bitcoin transfers linked to addresses previously associated with Strategy moved across the network. Screenshots of the activity circulated widely and led several influencers to claim the company had unloaded more than $1 billion worth of Bitcoin.

Uncertainty grew after Arkham data showed a sharp drop in Strategy’s Bitcoin holdings. The company’s Bitcoin balance had fallen from about 484,000 to roughly 437,000. The data did not state whether the drop came from transfers or sales.

Tension escalated further after Walter Bloomberg noted that this would mark the first recorded decrease since mid-2023. The post quickly attracted questions from traders who follow the firm’s wallet history.

Michael Saylor responded directly moments later. “There is no truth to this rumor,” he wrote on X, rejecting the claim that the company had reduced its holdings. Saylor has repeatedly maintained a highly bullish long-term outlook for the leading cryptocurrency. Recently, he predicted that Bitcoin will overtake gold in market cap by 2035.

His comment followed an earlier “HODL” post accompanied by an image of himself in a lifeboat near a burning ship. The mix of messages had initially created confusion, but his explicit denial clarified the company’s stance.

Polymarket Bets Show That Strategy Cannot Sell Its Bitcoin

The reaction of prediction markets differed from that of the panic. Recent activity has even shown renewed confidence in the firm’s accumulation trend. Earlier this week, Strategy added to its Bitcoin holdings with a 487 BTC purchase.

A Polymarket bet on Strategy selling Bitcoin in 2025 dropped sharply. The probability fell to about 12%, signaling that traders viewed the rumors as inaccurate and expected no confirmed selling activity.

Chart showing Polymarket odds dropping to 12% on the question of whether the company sells any Bitcoin in 2025.Chart showing Polymarket odds dropping to 12% on the question of whether the company sells any Bitcoin in 2025.
The chart shows traders lowering expectations that Strategy will sell Bitcoin.

Ted Pillows was among the first to push back. He said the Bitcoin had been moved to a different wallet, not sold.

He warned users to avoid what he called clickbait accounts that were amplifying the claims without verifying the data. His comments helped slow the spread of the narrative, but uncertainty continued to build as new posts emerged.

Source: https://coingape.com/michael-saylor-debunks-rumor-of-strategy-selling-bitcoin/