Catenaa, Monday, November 17, 2025- Strategy Chairman Michael Saylor rejected claims Friday that the company cut its large bitcoin position after a widely followed social media account cited Arkham data suggesting a sharp drop in holdings.
The post stated that Strategy’s balance fell from 484,000 bitcoin to about 437,000, raising questions across the market during a broad downturn.
Saylor countered the claim soon after it surfaced.
He said the company continued to add to its reserves and intends to share fresh purchase details early next week. He also dismissed the online interpretation of token movements that fueled the rumor.
Arkham later clarified that Strategy often shifts assets between custodians and that the activity likely reflected internal transfers.
The firm described the movements as routine and not linked to selling.
Regulatory filings show Strategy added 487 bitcoin on November 10 for about $49.9 million.
The document placed total holdings above 641,000 bitcoin. Analysts at TD Cowen expect the company’s newest preferred stock issuance to result in thousands of additional tokens entering its treasury.
The price of bitcoin traded below $97,000 on Friday as investors reacted to heavy outflows from spot exchange traded funds.
The products recorded withdrawals nearing $869 million, marking their second-largest exit on record. The slump weighed on crypto-linked equities.
