MicroStrategy chairman Michael Saylor denied selling any Bitcoin and said the company is actually increasing its purchases. His comments came after reports suggesting the firm’s Bitcoin holdings had declined.
On Friday, crypto analytics firm Arkham published data claiming MicroStrategy’s Bitcoin stash had dropped to 437,000 coins from 484,000, a decrease of about 47,000 coins.
Saylor rejected the claim during an interview on CNBC. He said, “We are buying. We’ll report our next buys on Monday morning.” He also stated that the company is “accelerating our purchases” of Bitcoin.
He added that MicroStrategy remains confident in its current position. Saylor said the company has “put in a very strong base” at current Bitcoin levels and that he feels “fairly comfortable” with the market outlook. He also noted that the company’s debt maturity is still “4.5 years out.”
Saylor said he expects Bitcoin to “rally from here,” highlighting his positive view on the cryptocurrency’s direction.
Earlier in the day, Saylor posted the word “HODL” on X, along with an image of himself appearing to escape a sinking ship. “HODL” is a well-known crypto term meaning “Hold On for Dear Life,” encouraging long-term holding regardless of volatility.
MicroStrategy’s own dashboard showed a total of 641,692 Bitcoin as of Friday, matching the amount disclosed on Monday. The company said it acquired these holdings for a total cost of $47.54 billion, averaging $74,079 per coin. However, it is unclear how often the dashboard is updated.
Emails sent to MicroStrategy requesting clarification on the discrepancy between Arkham’s report and the dashboard data have not been answered.
Meanwhile, Bitcoin fell below $95,000 on Friday for the first time in more than six months. The cryptocurrency has come under pressure as expectations for a December Federal Reserve rate cut have faded. More Fed officials have indicated hesitation toward additional easing, affecting risk assets across the market.
