Saylor Denies BTC Sale, Reaffirms 640k BTC Accumulation
Michael Saylor has denied that MicroStrategy sold 47,000 BTC during the recent price slide below $95,000, calling the claims “no truth.” He reiterated that MicroStrategy continues to accumulate Bitcoin, holding about 640,000 BTC, the largest corporate reserve. The company’s MSTR stock has fallen over 17% as Bitcoin swung from above $106,000 during the US funding resolution to under $100,000 once the shutdown ended. Analysts warn that macro relief alone may not sustain upward momentum in the current volatile market.
Bullish
Denying the sale of 47,000 BTC and reaffirming ongoing accumulation by MicroStrategy signals sustained demand from a major corporate investor, supporting Bitcoin’s price outlook. Although volatility around macro events may cause short-term swings, continuous corporate buying and the reaffirmation of a long-term strategy underpin a bullish sentiment for Bitcoin over time.