Has Strategy, the leading Bitcoin Treasuries firm, begun selling Bitcoin now that the price has just fallen back below $100,000? A rumor persists, amid numerous intriguing transfers.
Is Strategy starting to sell its Bitcoin?
Strategy has established itself as the undisputed leader in Bitcoin Treasuries, with a portfolio equivalent to more than 3% of the total supply of BTC. This almost compulsive accumulation, carried out with such consistency, has allowed the firm to hold 641,692 BTC as of the latest count… Well, not so sure!
This sector, which has been booming since the start of the year, is currently facing difficult times, with market returns far less explosive than expected. Even Michael Saylor’s company is feeling the pinch, to the point of having to reduce the amount of its weekly purchases.
This complicated situation has sparked a recent rumor about a possible BTC sale by Strategy just as the price has dipped back below the symbolic $100,000 mark.
The figures vary from one report to another, but the question remains the same: Has Michael Saylor given up?
“There is no truth to this rumor”
According to analyst Walter Bloomberg on X, this decline in the amount of BTC held by Strategy represents “the first reported decrease since July 2023, following months of steady accumulation,” though it is unclear whether these are sales or simply transfers.
Data from Arkham Intelligence does indeed show numerous transfers made in the last few hours, with varying destinations and amounts. Could this be a strategy to secure holdings by splitting them up, as El Salvador recently did to guard against the quantum threat? It’s hard to say.
Details of transactions made by Strategy’s wallet
In any case, the many questions raised were quickly put to rest by Michael Saylor’s unequivocal response, stating that “there is no truth to this rumor.”
Not everyone seems to take his word for it.
