The alleged drop of about 47,000 BTC immediately led to questions as to whether the company had quietly begun liquidating. Saylor responded directly beneath the post, stating, “There is no truth to this rumor,” dismissing the claim outright.
There is no truth to this rumor.
According to Arkham, the transfers were due to movement from Coinbase Custody to a new custodian, along with internal rebalancing and wallet refresh processes. None of the movements indicated sales and that Strategy frequently performs these custodial transitions. Anyone tracking these wallet clusters over the past two weeks would have seen similar flows, eventually followed by relabeling once new addresses were established.
His remarks left no ambiguity as he said, “We are buying; we’ll report our next buys on Monday morning.”
He went further to describe the company’s financial position and long-term confidence, noting that the firm has put in a very strong base around here with its Bitcoin holdings. Saylor also highlighted that Strategy’s debt structure does not impose immediate obligations, saying the debt is still “4.5 years out.” This means there is currently no financial pressure that would require liquidation of Bitcoin.
Featured image from Unsplash, chart from TradingView
