TLDRMichael Saylor denies rumors that Strategy is selling its Bitcoin holdings amid market volatility.Saylor confirms that Strategy will continue purchasing Bitcoin and will report new buys on Monday morning.Speculation about Bitcoin sales arose from on-chain activity and data suggesting that Strategy may be using Coinbase as a custodian.Strategy’s Bitcoin purchases have been accelerating despite the asset’s recent price dip below $100,000.Saylor asserts that the company will never willingly sell its Bitcoin, except in highly unlikely circumstances.Michael Saylor, co-founder and Executive Chairman of Strategy, dismissed rumors claiming that the firm was selling its Bitcoin holdings. In a Friday interview with CNBC, he emphasized that Strategy remains committed to increasing its Bitcoin stockpile. He called the firm’s appetite for Bitcoin “insatiable” and reassured investors that it would continue to buy the digital asset despite its recent decline below $100,000.Saylor stated,“We are buying Bitcoin, and we’ll report our next buys on Monday morning. People will be pleasantly surprised.” He added that the company has been accelerating its Bitcoin purchases and would not be deterred by short-term price fluctuations.There is no truth to this rumor.— Michael Saylor (@saylor) November 14, 2025Bitcoin Purchase Speculation Amid On-Chain MovementsThe rumors about Strategy selling Bitcoin stemmed from on-chain data indicating unusual activity in the company’s wallet. Crypto intelligence platform Arkham Analytics noted that these transactions could indicate that Strategy is using Coinbase as its custodian.ON TODAY’S STRATEGY BITCOIN MOVEMENTSSince 00:00 UTC today, Strategy moved 43,415 BTC worth $4.26B to over 100 different addresses.Over the past two weeks, Strategy has been making transfers from Coinbase Custody (their existing custodian) to a new custodian. We believe… pic.twitter.com/RY9mcT8MDv— Arkham (@arkham) November 14, 2025This raised concerns among some market observers, who speculated that the firm might be liquidating some of its Bitcoin. The prediction market Myriad reflected this uncertainty, with traders assigning an 8% chance that Strategy would sell Bitcoin in 2025. Earlier in the day, those odds had reached 14%, further fueling the speculation.Despite the market speculation, Saylor was firm in his stance that Strategy would not sell its Bitcoin holdings. TD Cowen Analyst Lance Vitanza supported this view, noting that the company has consistently maintained its commitment to holding Bitcoin.Saylor reiterated that there are only improbable conditions under which Strategy might be forced to sell. For example, he acknowledged that a significant decline in Bitcoin’s price or debt-related issues could impact Strategy’s strategy, but these situations were rare.The firm’s confidence in Bitcoin remains high, with Saylor expressing comfort with its current price. He also mentioned that the recent dip in Bitcoin’s price could lay the foundation for future gains.Financial Stability and Future Plans for Bitcoin AcquisitionSaylor outlined that Strategy’s balance sheet remains strong, with ample collateral to support its debt obligations. He added that even if Bitcoin’s price fell by 80%, the company would still be over collateralized in relation to its debt. As of Friday, Strategy had raised $8.2 billion through convertible bonds.Saylor’s statements came as Strategy faced challenges with its stock price, which had dropped 32% over the past month. The company’s stock price stood at around $204, even as its Bitcoin holdings were valued at $62.3 billion.In addition to common stock, Strategy has utilized convertible bonds and preferred shares to fund its Bitcoin acquisitions. Saylor highlighted that preferred share dividends are determined by the board, ensuring there is no default at present.Concerns Over Dividend Payments and Share IssuanceDespite Saylor’s assurances, critics have questioned Strategy’s ability to maintain its business model, especially given its reliance on issuing preferred shares. The company carries an annual dividend burden of $735 million.Vitanza suggested that while Strategy is not legally required to pay dividends, skipping or deferring them could hinder future fundraising efforts. He emphasized, however, that it is unlikely this issue will arise, given the company’s financial structure.The company’s market cap of $59 billion, combined with its $62.3 billion in Bitcoin holdings, leaves it with a multiple-to-net asset value (mNAV) close to 0.95x. This valuation underscores the firm’s ongoing confidence in Bitcoin, despite market volatility.The post Is Strategy Selling Bitcoin? Saylor Addresses Growing Speculation appeared first on Blockonomi.