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The CEO of the strategy company confirms the company's stance on the treasury amid market slowdown.
Michael Saylor, the CEO of Strategy, denied rumors that the company sold nearly 43,415 BTC worth $4.26 billion to more than 100 different addresses amid a sharp decline in the cryptocurrency market.

These speculations arose from data from Arkham Intelligence, which showed large transfers and a clear decrease in tracked assets, causing panic among investors as the price of Bitcoin fell below $95,000. In its direct commentary on activity on the network, Arkham Intelligence clarified that these movements are likely the result of the custodian and wallet rotation, rather than sales.

Over the past two weeks, the Arkham platform has shown that Strategy executed a series of transfers from Coinbase Custody ( the current custodian ) to a new custodian. The transfers today are likely a continuation of this rotation, according to Arkham's statement.

The company added that such transfers may include direct moves to the new custodian, internal adjustments within its system, or updates in Coinbase, noting that "on-chain movements do not mean that Strategy has sold its BTC."

During periods of prevailing optimism, these significant movements often raise a sense of doubt and suspicion, even if they do not necessarily indicate selling activity. Since "Strategic" holdings represent a benchmark for the broader Bitcoin treasury model, these movements often trigger concerns among market watchers and investors.

The official strategy dashboard confirmed that its reserves remain stable at around 641,692 Bitcoin, according to BitcoinTreasuries. The company has committed to its long-term strategy of considering Bitcoin as a key reserve asset for the treasury since 2020, as it has consistently increased its reserves during market downturns.

Silor also addressed the circulating speculations regarding X, confirming that the selling claims are untrue. He stated in an interview with CNBC that the strategy accelerates purchases, with more acquisitions to be announced on Monday. He said: "We are buying in large quantities," describing the recent price levels as a solid base.

The CEO of Strategy expressed optimism about the trajectory of Bitcoin, describing the current price levels as a strong base, and predicted that the cryptocurrency will experience a strong rise from this point. He anticipated that Bitcoin's performance would outperform traditional assets such as gold and the S&P 500 by the end of 2025.

The Class A share of Strategy's MSTR witnessed a decline of 4.2% on Friday as the price of Bitcoin briefly dropped below $95,000 before rising again to $96,500 at the time of publication.
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