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Billionaire Michael Saylor has taken to social media network X to deny rumors of a massive Bitcoin sale.
Early Friday, the account “Walter Bloomberg” (@DeItaone) reported that Saylor’s Strategy (MSTR) reduced its Bitcoin assets by 47,000 BTC, dropping from approximately 484,000 BTC to 437,000 BTC based on on-chain data provided by Arkham.
This would be a significant sale, considering Saylor has seen it before
Arkham’s data shows the movement of BTC, but it cannot distinguish whether the decrease was due to actual sales, transfers to another wallet, or some internal accounting adjustment. Therefore, the claim of “47,000 BTC sold” was only inferred from wallet movements.
The key takeaway is that blockchain analytics can show wallet activity, but it doesn’t always reveal intent. Transfers between portfolios or custodians could be like a sale.
