Bitcoin News Today: CEO Debunks Bitcoin Sale Rumors, $65B Corporate Holding Unchanged

Michael Saylor, CEO of MicroStrategy (MSTR), has firmly denied recent rumors that his company sold over $1 billion in Bitcoin (BTC), calling the claims baseless and emphasizing that MicroStrategy remains committed to its aggressive Bitcoin accumulation strategy. The denial came amid market speculation fueled by on-chain data showing large transfers of the cryptocurrency, which were misinterpreted as sales. Saylor reiterated during a Friday interview with CNBC that the company is "accelerating" its Bitcoin purchases, with more acquisitions expected.

The rumors gained traction after blockchain analytics firm Arkham Intelligence reported that MicroStrategy moved 43,415 BTC-worth over $4.2 billion-from Coinbase Custody to a new custodian. While the transfers triggered panic among investors, Arkham clarified that the activity represented routine custodial rotations and internal rebalancing, not sales. Saylor echoed this explanation, stating that the movements were part of a broader shift in custody arrangements and not indicative of a sell-off.

The confusion led to a sharp decline in Bitcoin's price, which fell below $95,000, its lowest level in a month. MicroStrategy's stock (MSTR) also dropped to a small discount relative to its Bitcoin holdings, with its market net asset value (mNAV) falling below 1 for the first time. Analysts attributed the volatility to the interplay between institutional actions and market sentiment, noting that MicroStrategy's holdings serve as a benchmark for corporate Bitcoin adoption.

Despite the turmoil, Saylor remains bullish on Bitcoin's long-term prospects. He defended the company's strategy of treating BTC as a primary treasury asset, arguing that volatility is inherent to the asset class and that investors must adopt a multiyear time horizon. "Bitcoin is always a good investment," he said, highlighting its historical outperformance against traditional assets like gold and the S&P 500. MicroStrategy's balance sheet, he added, remains "pretty stable" with no imminent debt obligations forcing a sale.

The company's commitment to Bitcoin was further underscored by recent purchases. On November 10, MicroStrategy acquired 487 BTC for $49.9 million, and Saylor confirmed that daily buying continued throughout the week. As of November 14, the firm's holdings stood at 641,692 BTC, valued at over $65 billion. This positions MicroStrategy as the largest corporate holder of Bitcoin, with its strategy of accumulating during market dips continuing to define its approach.

Market observers have also noted broader trends in corporate Bitcoin adoption. While MicroStrategy's dominance has slightly waned-its share of total corporate holdings fell from 75% in January 2025 to 60%-other firms are increasingly challenging its position. However, Saylor's unwavering support for Bitcoin and the company's sizeable reserves continue to anchor investor sentiment.

In a separate development, MicroStrategy's vice president, Shao Wei-Ming, sold 7,934 shares for $1.8 million, reducing his holdings to 32,726 shares. While this move has drawn attention, it is unrelated to the company's Bitcoin strategy and does not signal a shift in its long-term vision.

As the market digests these developments, the focus remains on whether Bitcoin can stabilize above key technical levels. Analysts warn that a sustained break below the 50-week moving average could invite further selling pressure, though Saylor's public reaffirmation of MicroStrategy's accumulation strategy has provided some reassurance.