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MicroStrategy Denies Reports of Significant Bitcoin Reduction

MicroStrategy Denies Reports of Significant Bitcoin Reduction

Michael Saylor reiterates MicroStrategy’s long-term Bitcoin holding strategy, stating sales would only occur if price dropped below $10,000, amid false sell-off rumors.

BTC

Fact Check
The evidence strongly supports the truthfulness of the statement. The most direct piece of evidence comes from a Yahoo Finance post which explicitly states that MicroStrategy's executive chairman, Michael Saylor, "pushed back against short-sellers." In the context of a company whose value is heavily tied to its Bitcoin holdings, this action almost certainly includes refuting rumors about selling those assets. This is further substantiated by multiple sources that confirm the underlying facts that would prompt such a denial. One source, a data dashboard that tracks SEC filings, provides near real-time data showing no significant reduction in the company's Bitcoin. Another news report explicitly states that MicroStrategy recently *increased* its Bitcoin holdings, citing an SEC filing. This directly contradicts any rumors of a sale and provides a clear motive and factual basis for the company to issue a denial. There is no conflicting evidence among the provided sources.
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Summary

MicroStrategy co-founder Michael Saylor rejected speculation of a large Bitcoin sell-off, clarifying that recent transfers were routine custodial changes. In a November 17 interview, Saylor stated the firm would only sell its Bitcoin if the price fell below $10,000. This follows rumors from blockchain data suggesting significant reductions in holdings, which Arkham Intelligence confirmed were mistaken interpretations of custodian rotation and wallet rebalancing. MicroStrategy continues daily Bitcoin purchases, maintaining its long-term strategy, with debt maturities over four years away.

Terms & Concepts
  • Bitcoin: A decentralized digital currency that operates without a central authority, using blockchain technology for secure transactions.
  • BTC: The commonly used abbreviation for Bitcoin, representing units of the cryptocurrency.
  • Custodian Rotation: The process of transferring assets between custodial service providers, often for operational or security reasons, without liquidating the holdings.