Overview
- Large on‑chain transfers from wallets tied to Strategy — including roughly 43,000 to 58,000 BTC routed to 100+ addresses — prompted viral claims of a sell‑off that the company says were custody reshuffles.
- Executive Chairman Michael Saylor denied any sales, said purchases are accelerating, and indicated new buys will be disclosed Monday, reiterating the firm’s long‑stated accumulation strategy.
- Strategy’s equity briefly traded at or below the estimated value of its 641,692 BTC holdings, erasing its typical market‑to‑NAV premium as investors compare the stock to low‑fee spot bitcoin ETFs.
- Bitcoin fell below $100,000 with sharp liquidations and one of the largest single‑day outflows from U.S. spot bitcoin ETFs this year, adding to volatility in crypto‑linked equities including MSTR.
- Saylor described leverage as under 1.15x and manageable even under severe BTC drawdowns, while filings show continued pre‑scheduled insider sales and coverage notes ongoing use of convertibles and preferreds to fund buys.