Michael Saylor Refutes Bitcoin Sale Claims, Affirms Ongoing Accumulation

Michael Saylor Refutes Bitcoin Sale Claims

Michael Saylor, co-founder and Executive Chairman of MicroStrategy, has firmly denied rumors suggesting the company is selling its Bitcoin holdings. In a recent interview with CNBC, Saylor emphasized MicroStrategy's unwavering commitment to acquiring more Bitcoin, regardless of market volatility.

MicroStrategy's Consistent Bitcoin Strategy

MicroStrategy continues to hold its $62.3 billion Bitcoin reserve, undeterred by recent price drops. The company's Bitcoin holdings exceed 641,000 BTC, valued at approximately $22.5 billion, with an average purchase price of $74,000 per coin. Despite a dip in market capitalization, Saylor maintains that Bitcoin remains a solid long-term investment.

Market Dynamics and Firm Stance

Amid market turbulence, which saw Bitcoin prices fall below $95,000, Saylor reassured investors via social media and financial news outlets about MicroStrategy's long-term Bitcoin strategy. Misinterpretations of wallet movements were clarified as accelerated inflows rather than sales. MicroStrategy's recent acquisition of 487 BTC for $49.9 million further underscores their strategic accumulation.