- Michael Saylor denies any Bitcoin selling and says MicroStrategy is accelerating its BTC accumulation.
- Arkham reported a 47,000-BTC drop, but MicroStrategy’s dashboard still shows 641,692 coins.
- Market pressure from fading Fed rate-cut expectations pushed BTC below $95k, but Saylor remains bullish.
MicroStrategy’s chairman Michael Saylor is pushing back hard against speculation that the company has been selling Bitcoin, following a report from crypto intelligence firm Arkham. Their data suggested MicroStrategy’s BTC stash had dropped from 484,000 coins to 437,000 — a surprising 47,000-coin difference that quickly caught the market’s attention. Saylor, however, says the numbers are simply incorrect.
Saylor: “We Are Buying… Accelerating Our Purchases”
Speaking with CNBC, Saylor dismissed the claims outright, stating, “We are buying, we’ll report our next buys on Monday morning,” emphasizing that the company is not only continuing its strategy but speeding it up. He also said MicroStrategy has built “a very strong base” at current price levels, adding that he feels “fairly comfortable” with where Bitcoin is trading despite this week’s volatility. With the company’s debt maturity sitting 4.5 years out, Saylor suggested MicroStrategy remains well-positioned to keep accumulating.
Earlier in the day, Saylor posted a now-viral “HODL” meme on X, depicting himself escaping a sinking ship — a tongue-in-cheek message reinforcing his long-term stance. HODL, of course, stands for “Hold On for Dear Life,” a rallying cry in crypto circles during steep market pullbacks.
Conflicting Data Raises Questions
Arkham’s numbers conflicted sharply with MicroStrategy’s own dashboard, which on Friday still listed total BTC holdings at 641,692 coins — the same figure the company disclosed earlier in the week. MicroStrategy says it acquired those holdings for roughly $47.54 billion at an average price of $74,079 per coin. The discrepancy, however, remains unexplained, as MicroStrategy has not yet responded to inquiries seeking clarification.
Market Pressure Adds to the Confusion
Bitcoin itself has been under heavy sell pressure, dipping below $95,000 for the first time in over six months. Risk assets broadly retreated as hopes for a December Federal Reserve rate cut dimmed, with several Fed officials signaling hesitation on further monetary easing. Even with the macro turbulence, Saylor expects Bitcoin to “rally from here,” reinforcing his view that any bearish sentiment is temporary — and here is why he’s doubling down: MicroStrategy sees the current market as an opportunity, not a warning.
