Overview
- Large transfers from Strategy-linked wallets — about 43,415 BTC moved to 100+ addresses — were identified by Arkham as a custodian migration rather than sales.
- Michael Saylor denied reports of disposals, said “We are buying,” and pledged to disclose new purchases on Monday, adding that acquisitions have accelerated.
- Strategy’s disclosed stash stands near 641,692 BTC at an average purchase price around $74,000 per coin, and its market-to-net-asset value has fallen below 1.
- Bitcoin fell through key levels toward the mid-$90,000s as spot ETFs recorded roughly $870 million in net outflows and leveraged positions were liquidated.
- Addressing balance-sheet concerns, Saylor said leverage is under roughly 1.15x with maturities four and a half years out and that the firm remains overcollateralized even under severe downside scenarios.