Michael Saylor Fires Back: “We Are Buying” — No, Strategy Did NOT Sell 47,000 Bitcoin

The crypto market was already blood-red Friday morning when something even more chaotic hit.

A rumor — pushed by a popular X account — claimed Strategy had sold 47,000 bitcoin.

Just like that, panic rippled across the Bitcoin community.

The largest corporate holder of bitcoin supposedly dumped a mountain of BTC during a crash.

But then Michael Saylor appeared.

And he did what Michael Saylor always does.

He doubled down.

“There is no truth to this rumor,” he said bluntly on X.

Not hedging.

Not softening.

Not delaying.

Just ripping the Band-Aid off the moment it hit the timeline.

The Rumor That Sparked the Fire

The post came from “Walter Bloomberg,” a widely followed X account known for rapid-fire market headlines.

He claimed Arkham data showed Strategy’s bitcoin holdings dropping from 484,000 BTC to 437,000 BTC.

A sudden 47,000 BTC disappearance — the biggest recorded reduction since July 2023.

If true, it would have signaled one of the largest institutional BTC sales in modern history.

Except it wasn’t true.

Saylor immediately replied:

“There is no truth to this rumor.”

To emphasize the point — or maybe just for fun — he posted an AI-generated meme of himself floating in the ocean while the Titanic sank behind him.

Some called it mixed messaging.

Others called it classic Saylor.

But either way, the message was clear: Strategy didn’t sell.

Strategy Says the Wallet Movements Were “Rotations,” Not Sales

Arkham also refuted the rumor.

They clarified that Strategy regularly performs wallet and custodian rotations, especially as their holdings continue to grow.

Large BTC transfers do not equal BTC sales — something the crypto community forgets every few months.

These were likely cold-storage reorganizations, not exits.

Meanwhile, Strategy’s actual SEC filings reveal something very different from the rumor:

On Nov. 10, Strategy purchased 487 BTC for $49.9 million

Bring its total holdings to 641,692 BTC

TD Cowen predicts its new preferred stock raise will add another 6,720 BTC to the treasury

The idea that Saylor — who practically evangelizes Bitcoin like a religion — would panic sell during a drawdown?

It never made sense.

Saylor is the buyer of last resort.

The man who treats every dip like Black Friday.

“We Are Buying” — Saylor Goes on CNBC

If the X post wasn’t clear enough, Saylor went on CNBC hours later to shut down the rumor again.

“We are buying,” he said.

“We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning.”

He even added:

“I think people will be pleasantly surprised.”

Saylor is not only denying the sell-off — he’s saying the opposite is true.

Strategy is aggressively adding to its position during the crash.

When Bitcoin drops, retail panics.

Saylor shops.

The Market Reacts — And the Selling Continues

Even with Saylor’s defense, the crypto market remained under pressure.

Bitcoin traded under $97,000, extending a multi-day downturn.

Spot BTC ETFs saw $869 million in outflows, the second-largest wave of exits ever recorded.

MSTR — Strategy’s stock — fell another 2.2%, now down 18% in five days.

This is what a broad-market flush looks like.

Rumors thrive.

Fear spreads.

Narratives spiral.

But behind the noise, Strategy keeps buying.

And whether you love or hate Michael Saylor, one thing is undeniable:

Nobody has more skin in the Bitcoin game than he does.

When panic hits, he doesn’t blink.

Final Line

As the market melts down and rumors swirl, Saylor is once again doing what he always does — proving that conviction doesn’t just talk, it buys.

Author’s Note

This article was created with the assistance of advanced AI — a tool I will continue using to decode market psychology, analyze institutional behavior, and deliver clear insights as Bitcoin moves through its most volatile eras.