Where the Rumor Started

As crypto markets saw sharp volatility this week, users on X began circulating screenshots that appeared to show Strategy moving large amounts of bitcoin. Some influencers claimed the wallet activity represented selling pressure from the company, sparking speculation that Strategy was offloading BTC to manage risk.

The rumor spread quickly because of the timing: bitcoin was already sliding, liquidity was thinning and market sentiment was fragile.

What Actually Happened

The screenshots shared on social media were real, but they were misunderstood. The transactions came from internal wallet restructurings, not exchange deposits. Strategy periodically consolidates, reorganises or upgrades custody flows. These movements often appear identical to exchange-bound transactions, which is why they triggered concern.

In reality none of the funds were sent to exchanges or OTC counterparties. No BTC was sold. It was simply routine treasury management.

Saylor Responds and Clarifies

Michael Saylor addressed the rumor directly on Friday morning. He stated that Strategy has not sold a single satoshi and is continuing its long-term accumulation strategy. He described the company’s position as “aggressively long” and said they remain committed to their bitcoin reserve policy.

His message was simple: Strategy is not selling during the downturn. It is doing the opposite.

Why the Rumor Spread So Fast

Three factors helped the narrative gain traction:

• Market fear made traders hyper-sensitive to any large movement of funds.
• Strategy is the most visible corporate bitcoin holder, so any wallet activity draws immediate attention.
• Most users cannot easily distinguish normal internal transfers from selling.

This created the perfect environment for false assumptions to go viral.

Impact on the Market

The rumor briefly added stress to an already fragile market. Some traders feared that forced selling from large holders could accelerate the downturn. Once Saylor clarified the situation, sentiment stabilised and attention shifted back to macro drivers and broader liquidity trends.

The episode shows how quickly misinformation can influence crypto markets and how essential transparency from major holders has become.

Outlook

Strategy remains one of the strongest institutional supporters of bitcoin. Saylor’s confirmation reinforces that the company is not changing course and continues to treat BTC as its primary treasury asset.

The market will continue to watch on-chain data closely, but the message from Strategy is clear: wallet movements do not equal selling, and the company is staying long.