Saylor Denies BTC Sales as Market Cap Dips and Bitcoin Falls Below $95K

A fresh wave of misinformation hit the crypto community this week as several influencers falsely claimed that Strategy had sold $1 billion worth of Bitcoin. The rumor quickly gained traction, pushing analysts and investors into speculation mode. However, the narrative was swiftly corrected by commentators and, most importantly, by Strategy chairman Michael Saylor himself, who reaffirmed that the company hasn’t sold a single satoshi and is instead accelerating its Bitcoin purchases.

Crypto commentator Ted Pillow attempted to clear the air this week after a wave of misleading influencer posts sparked confusion around Strategy’s Bitcoin holdings. According to Pillow,

“A lot of stupid influencers [are] spreading FUD Strategy sold $1,000,000,000 $BTC. Not true. They moved it to another wallet. Please mute those clickbait accounts.”

His remarks arrived amid a broader market conversation about Strategy’s strategy, balance sheet, and how its long-standing Bitcoin accumulation approach aligns with the increasingly bearish sentiment in the crypto sector.

Market cap slips below BTC value, raising questions

Strategy’s market cap has fallen below the value of the Bitcoin it holds, a rare reversal that has prompted speculation within investment and crypto communities. The inversion has led some to ask whether Michael Saylor’s celebrated “never sell” philosophy can survive in current market conditions.

For others, the move has sparked debate about whether this shift in valuation dynamics might serve as a catalyst for a Bitcoin rebound. Despite hopes for recovery, long-term charts continue to show a bearish outlook, adding friction to bullish arguments.

Saylor denies selling and says purchases are accelerating

Adding to the confusion was a report from crypto analytics firm Arkham, which indicated that Strategy’s Bitcoin holdings had declined to 437K coins from a previous 484K, a drop of roughly 47K coins. That number conflicts sharply with Strategy’s public dashboard, which continues to list total holdings at 641,692 BTC.

Speaking on CNBC, Michael Saylor directly rejected the idea that the company had begun selling any of its Bitcoin.

“We are buying, we’ll report our next buys on Monday morning,” he said.

He further emphasized that Strategy is “accelerating our purchases” of Bitcoin.

Saylor expressed strong confidence in the company’s position and the broader market. “We’ve put in a very strong base around here,” he noted, adding, “I’m fairly comfortable at this level.” He also highlighted that the company’s debt is “4.5 years out,” framing their balance sheet as stable enough to sustain long-term strategy execution.

According to Saylor, Bitcoin is still poised to “rally from here,” even as broader market pressures weigh heavily on risk assets.

Social media signals and dashboard discrepancies

Before appearing on CNBC, Saylor posted “HODL” on X, accompanied by an image of him appearing to escape a sinking ship, a nod to the enduring crypto community mantra “Hold On for Dear Life.” The post was widely shared, adding a layer of theatrical flair to a narrative that had already become muddled by conflicting data and online speculation.

Meanwhile, Strategy’s own dashboard continues to show 641,692 BTC, unchanged from Monday’s disclosure. The company reports that these coins were acquired for a total of $47.54 billion at an average of $74,079 per Bitcoin. It is not yet clear how frequently this dashboard is updated, leaving open questions about timing discrepancies.

Bitcoin dips below $95,000 as macro pressure builds

Bitcoin’s price slipped below $95,000 on Friday, its lowest level in more than six months. The decline came as expectations for a December Federal Reserve rate cut continued to fade. A growing number of Fed policymakers have signaled a reluctance to move forward with additional easing, putting pressure on risk assets across the board.

With Strategy’s valuation questions, influencer-led misinformation, and a broader risk-off environment all converging, market sentiment remains fragile. Whether Saylor’s renewed commitment to “never sell” can shift the narrative will become clearer as the company reports its next round of purchases on Monday.

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