Amid the growing discussion about Michael Saylor influencing Bitcoin's price with a major sale, the chairman of the world's largest treasury firm has dismissed these claims.
In a recent post shared on X today, Saylor declared that his Bitcoin treasury firm, MicroStrategy, did not even sell a sat, reminding the crypto community that neither he nor his company has relented on their steady Bitcoin accumulation.
MicroStrategy will keep stacking Bitcoin
The post further concludes the prolonged debate about whether MicroStrategy sold $30 million in Bitcoin a few days ago when it was spotted depositing about 411 BTC into Coinbase.
While Saylor did not disclose the reason behind the major Bitcoin move at the time, the crypto community assumed it was an attempt to sell the tokens amid the prolonged crypto market volatility.
While the sudden Bitcoin move had sparked fears that the company may be preparing to liquidate some of its holdings, a later unveiling of a Bitcoin withdrawal from MicroStrategy, carrying the same amount of tokens, cooled the speculation.
However, rumors have still lingered that Michael Saylor sold Bitcoin and has contributed to the ongoing market downturn, causing Bitcoin's price to fall rapidly.
Nonetheless, Saylor's latest post has cleared the air, noting that neither he nor MicroStrategy has changed course despite ongoing market volatility.
In addition to this, Saylor mentioned that MicroStrategy is still stacking Bitcoin, reaffirming that the company remains committed to its aggressive accumulation strategy.
MicroStrategy's next move?
While Michael Saylor is yet to disclose his next move, the post confirms that it would not be liquidating his Bitcoin holdings in the near future.
However, the debate about whether MicroStrategy will sell any of its Bitcoin stash before the year ends is still lingering quietly.
Dan Burgin
U.Today Editorial Team
