Michael Saylor wants investors to ignore the noise. Strategy (MSTR) faced speculation on Friday after online chatter claimed the firm had been offloading part of its enormous Bitcoin stack. The rumor spread quickly because traders saw wallet movements and assumed they signaled selling.
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Saylor stepped in to kill the story. He said on CNBC that Strategy is continuing to buy Bitcoin and will disclose its next purchases on Monday. He also hinted that the company has been speeding up its accumulation, which suggests the wallet activity that caused the panic is tied to inflows rather than exits.
Saylor later went to X to make his truth clear. He wrote that there is no truth to the rumor and that the firm remains committed to its long-term Bitcoin strategy. His comments arrived at a time when the market needed reassurance.
Market Panic Fuels the Wrong Conclusions
A rough backdrop helped the rumor take hold. Bitcoin slid toward $96,000 and Strategy stock dropped another 4% in early trading. The stock is now down nearly 35% for the year and is hovering just above $200, a level that naturally raises questions about how the company plans to manage its balance sheet from here.
The selloff created an opening for speculation. Traders noticed Bitcoin leaving company-controlled wallets, which often signals distribution. This data point alone was enough for social media to push the narrative that Strategy was tapping its holdings to stabilize the stock. Saylor says that is not the case.
A discounted valuation added to the confusion. Strategy holds more than 641,000 BTC worth roughly $22.5 billion at current prices. Its market cap has dropped below that value, which puts its market-to-net-asset value under 1. Some investors think selling a small percentage of BTC to support the stock would be logical. Saylor is not one of them.
Saylor Reaffirms Strategy’s Commitment to Bitcoin
Saylor told CNBC that the firm has no intention of changing course. He said the company remains grounded in a long-term view of Bitcoin and plans to keep accumulating regardless of short-term price swings. He described the current drop as a moment where investors should zoom out rather than panic.
He pointed to the trading range of $55,000 to $65,000 from a little over a year ago. His argument is fairly easy to understand. Even this pullback leaves Bitcoin at a dramatically higher level. He believes BTC has created a firm base that can support a future rebound once sentiment improves.
Saylor maintains a consistent stance. Strategy is not using Bitcoin as a liquidity lever. Strategy is not trimming its holdings to manage volatility. Strategy is focused on expanding its position and strengthening its balance sheet over long horizons.
Is Strategy Stock a Good Buy?
Wall Street remains firmly bullish on Strategy. 14 analysts have issued ratings over the past three months and 12 of them recommend a Buy, two call it a Hold, and none suggest a Sell.
The average 12-month MSTR price target sits at $524.08, which implies upside of more than 160% from the current price.
