Advertisement
Michael Saylor Denies Rumours of Bitcoin Sell-Off: “We’re Buying—A Lot”
- Strategy co-founder Michael Saylor rejected social media rumors, based on Arkham data, that the company had trimmed its massive Bitcoin (BTC) position.
- Saylor reaffirmed that Strategy is a net buyer of BTC and is “buying quite a lot,” with new purchase details expected to be reported soon.
- The rumors and Saylor’s denial occurred as Bitcoin’s price fell below $93K, erasing the year’s gains and following record outflows from US spot BTC ETFs.
Strategy co-founder and executive chairman, Michael Saylor, has rejected social media claims that the software company trimmed its massive Bitcoin (BTC) position, and reaffirmed they’re still buying, and “quite a lot”, he said.
The rumours started on Thursday last week, when the pseudonymous X account “Walter Bloomberg” cited Arkham Intelligence data suggesting Strategy’s BTC stash had fallen from about 484,000 BTC to 437,000 BTC, but said it was unclear whether the change was just a migration to different wallets.
Saylor pushed back directly on X by stating, “there is no truth to this rumor”.
Saylor then posted an AI-generated image of himself in the ocean, leaving behind the Titanic as it sank in the background. Quite an imagination he has. Using a sinking ship was probably not the best idea, as it drew mixed reactions from users, with some questioning the scenario alongside his denial. Crypto trader Jason Pizzino commented, “Abandon ship! Note taken”.
Abandon ship! Note taken.
— Jason Pizzino 🌞 (@jasonpizzino) November 14, 2025
Related: U.S. Government Reopens, Clearing Path for Crypto ETF Decisions and CFTC Leadership Vote
Strategy is Buying More BTC, Saylor Says
On Friday, Saylor also appeared on CNBC and took the time to reiterate that Strategy remains a net buyer.
We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning. I think people will be pleasantly surprised.
Michael Saylor, Strategy co-founder. Last week, Strategy bought 487 BTC, paying around US$102,557 (AU$158,963) per coin, now holding 641,692 BTC. Note that investors are becoming concerned that the company’s stock, MSTR, has fallen over 20% in the past month.
At press time, Bitcoin is trading below US$93K (about AU$142K), basically erasing this year’s gains. The sell-off started on Thursday, accompanying US spot bitcoin ETFs outflows, which saw US$869 million (about AU$1.30 billion) in net outflows, their second-largest daily withdrawal on record.
Related: Jack Dorsey’s Cash App Picks Solana – Not Bitcoin – for New Stablecoin Payments
Advertisement
Author
José Oramas
José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.
