Michael Saylor, executive chairman of Strategy, denied rumors that the company sold Bitcoin during the market crash on November 14, 2025. The confusion began when large amounts of Bitcoin moved between wallets linked to Strategy.
Consequently, traders and social media posts claimed the company had sold billions of dollars worth of Bitcoin. Arkham data also showed a drop in Strategy’s holdings, which sparked panic across the crypto market. Therefore, Saylor quickly responded on X, saying, “There is no truth to this rumor.”
The rumor said Strategy moved 58,915 BTC to new wallets, which many mistook for a sale. As a result, screenshots of the transfers spread on social media and led some influencers to claim Bitcoin was sold to Coinbase.
However, Ted Pillows clarified the transfers were only for wallet rebalancing. He also warned users not to trust accounts spreading the false news. Meanwhile, Bitcoin’s price fell under $95,000 and Strategy’s stock dropped 6 percent in premarket trading.
Saylor posted another message on X showing an image of himself in a lifeboat, signaling to hold Bitcoin despite market stress. He encouraged the community to “HODL” while the market recovered.
Additionally, Arkham data showed that over 107,319 BTC moved to custodians like Fidelity, Coinbase, and NYDIG. Experts said the transfers were for safety and storage, not selling. Some analysts added that heavy selling in the market made prices fall but could give traders chances to buy.
The Bitcoin drop happened alongside other market events, like ETF outflows, lower chances of Fed rate cuts, and crypto options expiring on Deribit.
Moreover, more than 41,000 BTC options worth $4 billion expired recently, which added to market stress. Traders moved Bitcoin to exchanges, and trading volume went up 67%. At the same time, BTC futures open interest fell slightly to $66.26 billion in the last 24 hours.
That said, Strategy has long been a major Bitcoin holder and Saylor has consistently supported the crypto. Just recently, in an interview with YahooFinance, he predicted that Bitcoin could surpass gold in market value by 2035.
At the time of writing, Bitcoin is trading for $96,768, down over4% in the last 24 hours with a trading volume of $128.44B within the same period of time.
BTC Price Action | Source: CoinMarketCap
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