Michael Saylor denies dumping Bitcoin despite Strategy stock meltdown

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mNav dropsThe speculation kicked off after Walter Bloomberg shared a note on X,“Arkham data shows Michael Saylor’s Strategy (MSTR) reduced its Bitcoin holdings from 484,000 to about 437,000, a drop of roughly 47,000 BTC. It’s unclear whether this came from transfers or sales. This is the first reported decrease since July 2023, after months of steady accumulation."Saylor immediately pushed back in a brief response, writing:“There is no truth to this rumor.” Thomas Lee, Michael J. Saylor and Dan Ives attend BTC, ETH and WLD are Friends on September 16, 2025.Arkham’s dashboard suggests Strategy holds 437,431 BTC in its portfolio. A note says the company has sent over 107,319 BTC to Fidelity Custody.Source: Arkham IntelligenceHowever, Strategy’s own public dashboard shows total holdings of 641,692 BTC, just as Saylor posted on Nov. 10.Reinforcing his denial of any Bitcoin sales, Saylor appeared live on CNBC on Friday morning and said Strategy has in fact accelerated its BTC purchases.“We are buying - we’re buying quite a lot, actually, and we’ll report our next buys on Monday morning,” Saylor said.Pressed on timing, Saylor said the company has bought at all recent price levels, including near $95,000 today, and now holds “nearly 3.1% of the network” at a blended average of $74,000 per BTC.Strategy’s stock continues to extend its drawdown, with MSTR falling 3.2% to $201.80 on Nov. 14 morning, bringing its three-month loss to 46% and one-year decline to 38%, according to company dashboard data. The slide has pushed shares back to levels last seen 13 months ago.Despite the correction, the company still trades at a premium multiple-to-net-asset-value (mNAV) - a metric comparing Strategy’s enterprise value to the market value of its Bitcoin holdings after accounting for debt and preferred stock.Data as per Strategy's official dashboard at press timeStrategy holds 641,692 BTC, valued at $61.895 billion based on a Bitcoin price of $96,456.The firm’s enterprise value stands at $73.817 billion, implying an mNAV of 1.18, only slightly lower on the day.That means MSTR continues to trade above the spot value of its Bitcoin treasury rather than at a discount.The controversy is unfolding against a sharp crypto pullback.Bitcoin is trading near $95,000, down about 7% in 24 hours, even as total crypto market capitalization holds above $3.3 trillion.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.72 (-0.65%)Nasdaq22,900.59 +30.19 (+0.13%)Russell 20002,388.23 +5.25 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,094.20 -100.30 (-2.39%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,422.98 +400.44 (+0.42%)ETH-USD Ethereum USD 3,155.82 +17.18 (+0.55%)XRP-USD XRP USD 2.22 -0.04 (-1.85%)SOL-USD Solana USD 139.49 -1.23 (-0.87%)BTC-CAD Bitcoin CAD 133,911.83 +561.95 (+0.42%)Top economic events