MicroStrategy's Executive Chairman Michael Saylor has categorically denied circulating rumors that the company offloaded 47,000 BTC from its treasury. In an exclusive interview with CNBC, Saylor not only dismissed the speculation but teased upcoming purchase announcements that could exceed market expectations.
Michael Saylor, the Bitcoin maximalist and Executive Chairman of MicroStrategy, has emphatically shut down rumors suggesting his company sold a significant portion of its Bitcoin holdings, while simultaneously hinting at substantial new acquisitions set to be revealed Monday.
The controversy erupted when unverified reports circulated across social media claiming MicroStrategy had liquidated approximately 47,000 BTC from its corporate treasury. Such a sale would have represented a seismic shift in strategy for the company, which has become synonymous with institutional Bitcoin accumulation since 2020.
Speaking with CNBC, Saylor not only refuted these claims but doubled down on the company's commitment to its Bitcoin strategy. "We are actively buying," Saylor stated, adding that Monday's announcement would likely "pleasantly surprise" investors and market participants. His comments suggest MicroStrategy's latest purchases could be larger than recent acquisitions, potentially reinforcing bullish sentiment in the cryptocurrency market.
MicroStrategy has positioned itself as the largest corporate holder of Bitcoin, with its aggressive accumulation strategy becoming a bellwether for institutional adoption. The company's Bitcoin purchases have consistently moved markets, with announcements often triggering price rallies and renewed interest from other corporate treasuries.
The timing of these rumors is particularly notable given Bitcoin's recent price volatility and broader macroeconomic uncertainty. False reports about major holders selling can trigger panic selling among retail investors, making Saylor's swift response crucial for market stability.
Saylor's track record speaks volumes about his conviction in Bitcoin as a treasury reserve asset. Despite criticism during market downturns and periods when MicroStrategy's holdings showed significant unrealized losses, the executive has remained steadfast in his belief that Bitcoin represents superior long-term value preservation compared to traditional cash holdings.
The Monday announcement promises to provide concrete details about MicroStrategy's latest accumulation activity, potentially revealing the scale and timing of recent purchases. Given Saylor's hint at a "pleasant surprise," market observers are speculating whether the company may have accelerated its buying during recent price dips.
As institutional adoption continues to evolve, MicroStrategy's unwavering strategy serves as a case study in corporate Bitcoin allocation, with Monday's revelation likely to influence broader market sentiment and institutional interest in digital assets.