Michael Saylor Dismisses Strategy BTC Sale Rumors
Strategy (formerly MicroStrategy) co-founder and executive chairman Michael Saylor took to CNBC and X today to dismiss rumors that the company had offloaded part of its Bitcoin treasury, calling the claims “false."
What's the scoop?
- The Rumor: A post citing Arkham Analytics data alleged that Strategy’s holdings fell from 484,000 to 437,000 BTC. The claim briefly sent traders on Polymarket into a frenzy, with odds of a 2025 sale spiking from 3% to 45%.
- The Reality: Saylor denied any sales occurred and instead doubled down: “We are buying. We’re buying quite a lot, actually.”
- The Balance: Per a recent SEC filing, Strategy currently owns nearly 642,000 BTC (~$62B), and its next preferred stock offering is expected to add another 6,700 BTC.
Bankless take:
Even as markets wobble, Saylor’s message remains unchanged: never sell, always buy. Whether that stance proves visionary or reckless will depend on how long investors are willing to ride the Bitcoin supercycle he’s still betting on.