Michael Saylor Denies Bitcoin Sell-Off Amidst $5.77 Billion Transfer

Despite market speculation regarding a potential sell-off following the transfer of over $5.77 billion worth of Bitcoin to a new wallet, Michael Saylor, Executive Chairman of Strategy Inc., has vehemently denied these claims. This move, which involved transferring 58,915 BTC, aligns with Saylor’s long-term Bitcoin holding strategy. No liquidations were observed on the blockchain, according to data analysis, and this activity mirrors past market behavior during volatile periods.