MicroStrategy Denies Bitcoin Sale Rumors Amidst Market Volatility

Institutional cryptocurrency investor MicroStrategy faced claims of selling thousands of Bitcoin (BTC) after its share price hit a one-year low. The rumors were sparked by allegations from financial analysts at Arkham Intelligence, who reported a decrease in the company’s holdings from 484,000 BTC to approximately 437,000 BTC. While the report suggested this was a potential sale, it remains unclear whether or not these movements represent real-world transactions. Michael Saylor, co-founder and chairman of MicroStrategy, swiftly denied these claims, stating on social media that there’s no evidence to support the assertions. ]