Michael Saylor Strategy Bitcoin: Executive Denies BTC Dumping
Michael Saylor has firmly dismissed claims that Strategy is selling its Bitcoin holdings. The executive chairman stated there is no truth to reports claiming Strategy reduced its Bitcoin holdings by approximately 47,000 BTC. The denial comes as Bitcoin prices tumbled below $95,000 for the first time since May.
Saylor appeared on CNBC Friday morning and confirmed that Strategy is buying Bitcoin and will report its next purchases on Monday. He emphasized that the company is actually accelerating its cryptocurrency acquisitions during the market downturn. This statement directly contradicts speculation that surfaced following on-chain data showing Bitcoin moving out of company-controlled wallets.
Strategy Bitcoin holdings remain intact
Strategy currently holds more than 641,000 BTC, valued at roughly $22.5 billion, with an average purchase price of around $74,000 per coin. The company’s public dashboard confirms these figures, which Saylor posted on November 10. Saylor stated the company now holds nearly 3.1% of the Bitcoin network.
Crypto intelligence firm Arkham released data suggesting Strategy’s holdings had fallen to 437,000 coins from 484,000 previously. However, this discrepancy appears to stem from Bitcoin transfers to custody services rather than actual sales. Strategy has sent over 107,319 BTC to Fidelity Custody, explaining the movement that sparked selling rumors.
Michael Saylor addresses volatility concerns
Saylor acknowledged that volatility comes with the territory when investing in Bitcoin. He advised investors to maintain a four-year time horizon and prepare for market fluctuations. The executive chairman mentioned buying at all recent price levels, including near $95,000.
Saylor expressed confidence that Bitcoin could fall 80% and Strategy would still be overcollateralized in relation to its debt. The company maintains a stable balance sheet with convertible bonds not maturing until 2028. Strategy has raised $8.2 billion through convertible bonds to fund its Bitcoin acquisition strategy.
Market conditions trigger speculation
The selling rumors emerged as Bitcoin experienced significant price pressure. BTC price dropped more than 4% in less than 24 hours, from above $100,000 to below $95,000. This decline triggered widespread liquidations across cryptocurrency markets.
Strategy’s market capitalization has fallen below the value of its Bitcoin holdings, pushing its market-to-net-asset value below 1. This metric suggests the stock may be undervalued relative to its cryptocurrency reserves. MSTR stock fell 3.2% to $201.80 on November 14, extending a drawdown that has concerned some investors.
Executive chairman reinforces long-term vision
Saylor advised investors to zoom out, noting Bitcoin traded between $55,000 and $65,000 slightly over a year ago. He maintains that Bitcoin represents a strong investment despite short-term volatility. In response to panic on social media, Saylor posted “HODL,” a popular cryptocurrency term meaning hold on for dear life.
The company has issued various products to fund Bitcoin purchases, including convertible bonds and preferred shares featuring dividend payments. Dividend payments remain at the discretion of the board, providing flexibility in capital management. The strategy’s financial structure allows continued accumulation regardless of short-term price movements.
Conclusion
The executive chairman’s statements aim to reassure investors that Strategy remains committed to its Bitcoin treasury model. The company continues viewing market dips as buying opportunities rather than triggers for selling.
