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Saylor Hits Back at Rumours: We’re Still Buying – But Will BTC USD Survive Low Volume Weekend?

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Strategy Chairman Michael Saylor pushed back on Friday against fresh claims that his company had reduced its bitcoin holdings.

The talk began when X user Walter Bloomberg highlighted Arkham data showing what looked like a drop in Strategy’s wallets, from about 484,000 BTC to roughly 437,000 BTC. 

Bloomberg reported it was unclear if the shift came from internal transfers or actual sales, noting it would be the first recorded decrease since July 2023. 

The post spread quickly, and Saylor responded soon after.

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Speaking on CNBC, the Strategy co-founder dismissed the reports and said the company has not changed its long-term view, even as the market continues to slide.

“We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning. I think people will be pleasantly surprised,” Saylor said during the interview.

Arkham pushed back on Bloomberg’s report, saying Strategy often shifts its wallets and custodians. 

The firm added that the movements seen earlier in the day were likely part of those routine transfers.

A Nov. 10 filing with the US Securities and Exchange Commission shows Strategy bought 487 BTC for about $49.9M, bringing its total to 641,692 BTC.

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MSTR Price Prediction: Could MSTR Rebound Toward $260 Before Falling Lower?

Bitcoin slipped below $97,000 on Friday as the market’s downturn from the previous day continued to drag prices lower. 

Market Cap





As per SoSoValue data, Spot Bitcoin ETFs saw about $869M in outflows, marking the second-largest withdrawal on record.

Saylor Hits Back at Rumours: We’re Still Buying - But Will BTC USD Survive Low Volume Weekend?
(Source: SoSoValue)

MicroStrategy (MSTR) stock was down about -2.2% to $203.79 at the time of publication and has fallen roughly 18% over the past five days.

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Ali Martinez, a crypto analyst, posted Strategy Inc.’s weekly chart, which shows a clear fractal echo of the 2021–2022 breakdown. In both periods, the price lost a major horizontal support level and then dropped sharply. 

Saylor Hits Back at Rumours: We’re Still Buying - But Will BTC USD Survive Low Volume Weekend?
(Source: X)

The current move reflects that same structure, with MSTR breaking below the $245 area and continuing to move lower. The chart points to a possible short-term rebound toward $260, similar to the relief move shown in the earlier shaded section. But the wider trend still looks weak. If this pattern continues tracking the previous cycle, the next major drop could push the stock toward the $120 zone.

Merlijn The Trader, a prominent crypto trader, noted that Bitcoin and MicroStrategy now show the same weekly structure.MicroStrategy slipped below its 50-week moving average after a firm rejection, which sparked a sharp sell-off.

Saylor Hits Back at Rumours: We’re Still Buying - But Will BTC USD Survive Low Volume Weekend?
(Source: X)

Bitcoin is now back at a key point on the chart, sitting right on its 50-week moving average after several failed attempts to hold above it. 

Recent candles show fading strength, with lower highs and steady pressure building along the trend line.

A clear break below this level would signal that long-term support has slipped. That would raise the risk of a sharper correction. 

The analyst says that if this line gives way, the market should be ready for a heavier downside.

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The post Saylor Hits Back at Rumours: We’re Still Buying – But Will BTC USD Survive Low Volume Weekend? appeared first on 99Bitcoins.





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