The cryptocurrency markets experienced a significant downturn on Friday, with Bitcoin (BTC) leading the losses and dropping to a six-month low below $94,000. Amidst the overall market uncertainty and panic, reports began to circulate claiming that Michael Saylor and his company, MicroStrategy, had started selling off substantial portions of their extensive Bitcoin holdings.
Saylor Denies Sale Rumors, Confirms Continued Accumulation
Although the initial claims of MicroStrategy selling Bitcoin emerged from relatively small accounts with limited credibility, they were rapidly amplified and shared by more established figures within the cryptocurrency community, some boasting over 500,000 followers on X. This led to a swift spread of panic among some community members. However, a significant portion of the community remained unfazed, expressing disbelief that MicroStrategy would indeed sell its holdings.
Michael Saylor, the company's prominent Bitcoin advocate and co-founder, directly refuted these rumors on X and during an interview with CNBC. He reaffirmed his strong conviction in the asset, a stance he has consistently maintained during previous intense market corrections. Saylor stated that MicroStrategy actually utilized the dip as an opportunity to accumulate more Bitcoin every day throughout the week.
We bought bitcoin every day this week.
— Michael Saylor (@saylor) November 14, 2025
In his interview with CNBC, Saylor explained that such volatility is an expected characteristic of risk-on assets like Bitcoin. He advised individuals seeking Bitcoin exposure to prepare for similar events but to maintain a long-term perspective, focusing on a broader four-year scale where the cryptocurrency has historically outperformed other asset classes.
Furthermore, Saylor indicated that MicroStrategy does not have any specific trigger points that would force it to dispose of its Bitcoin holdings. He asserted that even an 80% drop in Bitcoin's price would not adversely affect the company.
Prior to any potential new announcement regarding a MicroStrategy purchase on Monday, the company's known holdings, following its last reported acquisition, stood at 641,692 BTC. Even with Bitcoin's recent correction, this substantial stash remains valued at nearly $62 billion.
Arkham Intelligence Clarifies Transaction Details
Some reports had suggested that Arkham Intelligence had confirmed MicroStrategy's sales. However, Arkham Intelligence also refuted these speculations and provided clarification on what actually transpired. The blockchain analytics firm outlined that MicroStrategy had transferred 43,415 BTC from Coinbase Custody to a new custodian, distributing the assets across more than 100 different addresses.
“This does not mean that Strategy has sold their BTC, nor do transfers from Arkham’s Strategy entity automatically imply the sale of those assets,” Arkham Intelligence stated in a post.
The Arkham team reassured the community that MicroStrategy "regularly undergoes wallet/custodian rotations," and that most of the movements reported on Friday morning were a "continuation of those transfers."