"Amid a wave of panic in crypto markets, rumors surfaced Friday that Strategy (MSTR) was selling its bitcoin holdings as both BTC and MSTR stock tumbled. Executive Chairman Michael Saylor quickly dismissed the chatter, telling CNBC, "We are buying bitcoin," and promising that the company's next purchases will be reported Monday. He added that Strategy is "accelerating [its] purchases" and suggested investors could be "pleasantly surprised" by recent activity."
"The rumors stemmed from on-chain movements showing BTC leaving company-controlled wallets, coinciding with a brief drop in bitcoin below $95,000, its lowest level in roughly six months. Saylor, however, maintained confidence, saying, "There is no truth to this rumor." MSTR shares fell under $200 in pre-market and early trading, down nearly 35% year-to-date, prompting concerns that the company might liquidate bitcoin to stabilize its balance sheet."
"Strategy now holds more than 641,000 BTC, valued at roughly $22.5 billion, with an average purchase price of around $74,000 per coin. The company's market capitalization has fallen below the value of its bitcoin holdings, pushing its market-to-net-asset value (mNAV) below 1, a metric often cited as evidence that the stock may be undervalued. Despite these numbers, Saylor emphasized that Strategy's balance sheet is "pretty stable" and only fractionally levered, with no imminent debt trigger points."
Rumors that Strategy (MSTR) was selling bitcoin surfaced amid market panic after on-chain movements showed BTC leaving company wallets and bitcoin briefly fell below $95,000. Executive Chairman Michael Saylor denied the claims, saying the company is buying bitcoin, accelerating purchases, and will report upcoming buys Monday. MSTR shares dropped below $200, raising concerns about potential liquidations, but Saylor said the balance sheet is stable and only fractionally levered with no imminent debt triggers. Strategy holds more than 641,000 BTC at an average cost near $74,000, and its market capitalization sits below its bitcoin holdings.
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