Market volatility fuels speculation, but Strategy reaffirms aggressive accumulation stance
A fresh wave of speculation hit the crypto market on Friday after social media chatter claimed that Strategy had offloaded more than 47,000 BTC, triggering concern during an already sharp market downturn. But Chairman Michael Saylor swiftly rejected the claim, emphasizing that the company is continuing to expand its position rather than scale back. The clarification comes at a critical time as bitcoin trades below key levels and investor sentiment deteriorates.
Bitcoin Rumor Triggers Market Questions
Earlier in the day, a widely followed market watcher on X referenced Arkham data suggesting Strategy’s bitcoin holdings dropped from 484,000 BTC to roughly 437,000 BTC. The post described the movement as the first recorded decline in more than a year.
But Saylor immediately pushed back, stating, “There is no truth to this rumor.” He reiterated that the reported numbers do not reflect the firm’s actual treasury status. Arkham later clarified that Strategy routinely shifts assets between custodial wallets and that the latest activity “appears to be part of regular rotations, not sales.”
Market analysts say large wallet movements often spark confusion in periods of heightened volatility. “Any unexplained blockchain activity tied to major holders triggers instant speculation,” one digital asset strategist noted. “But transfers do not equal selling.”
Strategy Reaffirms Its Accumulation Plan
Appearing on financial television Friday morning, Saylor reiterated the firm’s commitment to bitcoin accumulation despite broader market weakness. “We are buying. We’re buying quite a lot, actually,” he said, adding that the company will disclose new purchases on Monday.
Recent regulatory filings back his message. A Nov. 10 submission to the U.S. Securities and Exchange Commission confirmed Strategy acquired 487 BTC for nearly $50 million, pushing its total holdings above 641,000 BTC. Analysts at TD Cowen expect the firm’s newest preferred stock raise to add another 6,720 BTC to its balance sheet.
Market Turbulence Continues
Bitcoin traded below $97,000 Friday as a broader selloff rippled through crypto markets. Spot bitcoin ETFs recorded $869 million in daily outflows, their second-largest exit on record. Meanwhile, shares of Strategy fell 2.2% on the day and are down nearly 18% over the past week.
Despite the volatility, experts say major institutional holders remain focused on long-term positioning. “These firms aren’t trading day-to-day fluctuations — their thesis is structural,” one analyst emphasized.
As the market waits for Strategy’s next disclosure, the company maintains its stance: it is buying, not selling.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.v