Overview
- Michael Saylor denied rumors of bitcoin sales on CNBC and X, saying purchases are accelerating and that new buys will be disclosed Monday.
- Shares fell below $200 and near 52‑week lows as Strategy’s market cap briefly dipped under the value of its bitcoin holdings, pushing mNAV below 1.
- Arkham and other analysts flagged 43,000–58,000 BTC moving from Strategy‑linked wallets to numerous addresses, activity they tied to shifts between custodians such as Coinbase and Fidelity.
- Strategy reported buying 487 BTC between Nov. 3 and 9 and now holds about 641,692 BTC at an average cost near $74,000 per coin.
- Insider filings show EVP and General Counsel Shao Wei‑Ming executed pre‑scheduled 10b5‑1 stock sales, while the firm continues to fund acquisitions with convertibles and preferred shares, including a recent euro‑denominated preferred offering targeting roughly $715 million.