Key facts
- Strategy's BTC Yield fell to 12.8% following a recent bitcoin purchase.
- Rumors circulated on X that Strategy had sold 33,000 BTC, amounting to $3.2 billion.
- Michael Saylor denied the selling rumors and stated Strategy is buying more Bitcoin.
- US spot Bitcoin ETFs saw outflows of $870 million, a record for the second-largest daily outflow.
Michael Saylor, executive chairman of Strategy, has publicly refuted claims circulating on X that the company has begun selling its substantial Bitcoin holdings. The controversy began when Strategy's BTC Yield reportedly fell from 13.0% to 12.8% following its latest bitcoin purchase, sparking a debate about potential dilution to shareholders.
One X user, Rekt Fencer, alleged that Strategy had sold 33,000 BTC, valued at approximately $3.2 billion, and had fallen below a Net Asset Value of 1 for the first time. However, Saylor responded to these claims with a "HODL" message and a subsequent post indicating the firm was "buying" more Bitcoin. Strategy reportedly holds 641,692 BTC, acquired at an average price of $74,079 per coin, with significant unrealized gains.
The discussion around Strategy's holdings occurred amidst broader market movements, including significant outflows from US spot Bitcoin ETFs, which recorded $870 million in net outflows, marking the second-largest daily outflow on record. Bitcoin's price also experienced a decline, trading around $95,334 at the time of reporting.