Bitcoin Updates: Saylor Remains Confident in Bitcoin, Driving Strategy's Aggressive Investment Despite Market Downturn

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Bitcoin Updates: Saylor Remains Confident in Bitcoin, Driving Strategy's Aggressive Investment Despite Market Downturn

Bitget-RWA2025/11/14 18:46

By:Bitget-RWA

- Michael Saylor denies rumors of selling Strategy's 641,692 BTC ($22.5B) amid market selloff, reaffirming long-term accumulation strategy . - Bitcoin fell below $96,000 as MSTR dropped 35% YTD, but Saylor claims recent 487 BTC purchase shows accelerated buying. - Analysts call current BTC correction a "mid-cycle consolidation" phase, noting historical patterns from 2024-2025 market analysis. - Strategy's $20.29B unrealized gains and Saylor's "long-haul" stance highlight Bitcoin's perceived store-of-value

Michael Saylor, the executive chairman of

Strategy

, has refuted speculation that the company is offloading its substantial

Bitcoin

reserves during the recent market downturn, reiterating his dedication to the company’s long-term accumulation approach. These rumors surfaced after blockchain data indicated

BTC

transfers from wallets managed by the company, causing unease within the crypto sector.

Bitcoin Updates: Saylor Remains Confident in Bitcoin, Driving Strategy's Aggressive Investment Despite Market Downturn image 0

Nevertheless, Saylor told CNBC on Friday that the company is “acquiring bitcoin” and intends to disclose additional purchases on Monday. “This rumor is completely unfounded,” he later posted on X

according to a report

This rebuttal comes as both Bitcoin and Strategy’s stock (MSTR) encounter renewed selling pressure. Bitcoin dropped below $96,000 on November 14, representing a 6.95% decrease in the last 24 hours, while

MSTR

has declined nearly 35% so far this year

, with shares trading under $200. Bitfinex analysts characterized the current downturn as a “mid-cycle consolidation” rather than a full bear market, pointing out that Bitcoin’s 22% pullback from its record high is consistent with previous corrections seen in June 2024 and February 2025

according to market analysis

Saylor’s remarks come amid speculation that Strategy, which owns 641,692 BTC (valued at about $22.5 billion), could sell part of its holdings to strengthen its balance sheet. The company’s market-to-net-asset value (mNAV) has

dropped below 1

, a ratio often seen as an indicator of undervaluation. Despite this, Saylor stressed that Strategy’s Bitcoin acquisitions are ramping up, with recent figures showing the company added 487 BTC to its portfolio just days ago. “We’ve established a solid support level here,” he noted, implying that the recent dip in Bitcoin’s price may present a buying opportunity

according to company statements

The speculation intensified after an X user claimed Strategy had sold 33,000 BTC, worth $3.2 billion. Saylor’s prompt denial, along with his consistent advocacy for Bitcoin’s long-term prospects, has helped reassure some investors. “Our commitment is for the long term,” he emphasized, reiterating his previous assertions that Bitcoin’s value will keep increasing despite short-term fluctuations

according to market analysis

Elsewhere, overall market sentiment remains divided. U.S. spot Bitcoin ETFs saw $870 million in net withdrawals—the second-largest daily outflow ever—though most long-term investors have held firm

according to industry reports

. The recent drop in Bitcoin’s price has also led to $657.88 million in liquidations, with the bulk of losses coming from long positions

according to financial data

Strategy has accumulated its Bitcoin over five years at an average price of $74,079 per coin, resulting in $20.29 billion in unrealized profits

according to financial data

. Saylor’s unwavering focus on growing these holdings highlights his confidence in Bitcoin as a store of value, even as the market continues to fluctuate.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- Bitcoin fell below $100,000, intensifying focus on the $94,000 support level as technical models suggest potential decline to $86,000 if this threshold breaks. - Institutional selling and ETF outflows ($870M in one day) highlight waning demand, compounded by a strong dollar index (DXY 99.58) and bearish on-chain data. - Market sentiment deteriorated (Fear & Greed Index at 16), with put options trading at premiums and altcoins like Ethereum mirroring Bitcoin’s weakness. - Analysts remain divided: some vie

Bitget-RWA•2025/11/14 22:06

Bitcoin News Today: Is Bitcoin’s $94,000 Level a Temporary Mid-Cycle Halt or an Indication of Capitulation?

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Bitget-RWA•2025/11/14 21:46

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Bitget-RWA•2025/11/14 21:46

Ethereum News Update: As Solana Slows Down, Investors Turn Attention to XRP and Ethereum

XRP News Today: SEC Gives Green Light to XRP ETF, Signaling a Major Regulatory Milestone for Cryptocurrency

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Bitget-RWA•2025/11/14 21:46