Michael Saylor moved shortly on Friday to stamp out recent hypothesis that his Bitcoin acquisition automobile, Technique, had quietly bought tens of 1000’s of cash throughout this week’s market downturn.
The manager chair referred to as the claims “false” and insisted the corporate continues to be accumulating Bitcoin regardless of a risky stretch that pushed BTC under $95,000 for the primary time in six months.
DID SAYLOR SELL $4 BILLION TODAY?
No. Technique has been shifting billions of {dollars} of BTC prior to now 2 weeks as a part of what seems to be a change in custodians for a few of their Bitcoin.
Our analysis workforce wrote a deep-dive on Technique’s current actions and exercise, to assist… https://t.co/1pvycnF3ZX— Arkham (@arkham) November 14, 2025
The rumors exploded after crypto analytics platform Arkham flagged what it described as a drop in Technique’s Bitcoin holdings from 484,000 BTC to 437,000 BTC, a distinction of roughly 47,000 BTC value about $4.6 billion on the time.
The report circulated simply as Bitcoin slipped greater than 4% in below 24 hours, falling from above $100,000 to under $95,000. Saylor dismissed the hypothesis in a submit on X, writing that there was “no reality” to solutions the agency had lowered its place.
We’re ₿uying.pic.twitter.com/6g11E9G6pO
— Michael Saylor (@saylor) November 14, 2025
Saylor Rejects Promote-Off Rumors, Confirms Technique Added 487 BTC This Week
Talking afterward CNBC, he doubled down, saying Technique was not solely not promoting however was accelerating its purchases. “We’re shopping for,” Saylor stated. “We’ll report our subsequent buys on Monday morning.”
He added that the present value motion had not shaken the agency’s technique. “Should you’re going to be a Bitcoin investor, you want a four-year time horizon, and you should be ready to deal with volatility.”
Inner information from Technique appeared to assist his feedback. The corporate’s dashboard confirmed whole Bitcoin holdings of 641,692 BTC as of Monday, matching its earlier disclosure, and its SEC filings confirmed continued accumulation all through early November.
The sudden motion of cash earlier within the day added recent uncertainty to already fragile crypto markets.
Technique(@Technique) moved 58,915 $BTC($5.77B) to new wallets as we speak, doubtless for custody functions.https://t.co/FgZG2ZWlVi pic.twitter.com/fimqXsgLH0
— Lookonchain (@lookonchain) November 14, 2025
On-chain analysts reported that Technique transferred greater than 58,000 BTC to new wallets, a shift that triggered algorithmic buying and selling exercise and accelerated the sell-off.
Though analysts later attributed the transfers to custody restructuring slightly than liquidation, the clarification did little to ease broader issues.
MSTR Drops to One-Yr Low as Traders Reassess Bitcoin Proxy Premium
Market stress shortly unfold to Technique’s monetary footing. Shares of its Nasdaq-listed inventory, MSTR, fell under $200 in pre-market buying and selling on Friday, its lowest stage since October 2024.
The corporate’s Web Asset Worth a number of briefly slipped under 1 for the primary time, indicating that traders had been valuing the agency at lower than the price of its Bitcoin holdings.
The a number of has since recovered to 1.09, however the shift marks a break from years wherein Technique persistently traded at a premium.
That reversal displays cooler investor expectations. In accordance with K33 Analysis, Technique’s fairness premium has contracted by $79.2 billion since November 2024.
$79.2bn discount in MSTR's fairness premiums relative to its BTC holdings since November 20, 2024.
With $31.1bn raised by means of dilution over this era, roughly $48.1bn of the implied demand for BTC by way of MSTR by no means translated into spot purchases. pic.twitter.com/14sf9dL4tl— Vetle Lunde (@VetleLunde) November 14, 2025
Whereas the corporate raised over $31 billion by means of share issuance throughout that interval, analysts estimate almost $48 billion of implied Bitcoin demand by no means translated into precise BTC purchases.
Some market watchers say traders are not utilizing MSTR as a simple proxy for Bitcoin publicity.
Others dismissed liquidation fears. Analyst Willy Woo stated Technique is unlikely to face stress to promote earlier than 2027 so long as MSTR trades above $183.19, a threshold linked to the corporate’s debt construction. He famous that solely a weak 2028 Bitcoin cycle may drive partial gross sales.
MSTR liquidation within the subsequent bear market? I doubt it,
Right here's their debt, the date the debt is due and the value MSTR inventory must exceed to stop partial liquidation of their BTC treasury to pay the debt. Equal BTC value assumes mNAV 1.0 pic.twitter.com/AzVgecI7i2— Willy Woo (@woonomic) November 4, 2025
The dispute comes amid wider turbulence throughout digital belongings and U.S. markets. Bitcoin briefly jumped above $106,000 after lawmakers ended a report 43-day authorities shutdown, however the rally light as expectations for a December Federal Reserve charge lower diminished.
Regardless of the volatility, Technique stays the biggest company holder of Bitcoin; nevertheless, its market share has fallen from 75% to 60% as extra corporations add BTC to their treasuries.
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