Bitcoin Updates: Saylor's Fiery Voyage: MicroStrategy Remains Committed to Bitcoin Amid Growing Market Strain

Michael Saylor, who serves as executive chairman at MicroStrategy (MSTR), has firmly refuted claims that the company is offloading 47,000

(BTC) during a period of significant drops in both its share price and the value of BTC. These speculations, which arose from blockchain data indicating transfers from wallets managed by the company, led Saylor to respond swiftly, stating there is "no basis for the rumor" and stressing that is still fully dedicated to its robust BTC acquisition plan .

The debate began after blockchain analytics provider Intelligence observed a decrease in Strategy’s BTC reserves, that the firm—which currently owns more than 641,000 BTC worth about $67 billion—could be selling assets to shore up its financials. Saylor, however, clarified on CNBC that the company is "increasing [its] purchases" and will disclose its next BTC buys on Monday. He also shared a "HODL" post on X, featuring a burning ship image, .

Analysts at TD Cowen continue to express optimism about Strategy’s BTC treasury approach,

to its portfolio through a €620 million euro-denominated preferred stock issuance (STRE). The company’s method of raising funds for BTC purchases by issuing preferred shares remains a key driver of its expansion, with TD Cowen predicting that STRE could lift Strategy’s BTC yield for the year to over 27%, approaching its 30% target for 2025. its base-case year-end BTC price forecast of $141,277, with a potential high of $160,000 and a possible low of $60,000.

The speculation has brought increased attention to Strategy’s financial stability, as its stock has fallen nearly 35% so far this year and is now trading below its net asset value (NAV).

under 1, a level some analysts believe could warrant selling BTC to repurchase undervalued shares. Saylor, however, dismissed these worries, pointing out that even after BTC’s recent drop from $126,000 to $96,000, the company’s long-term position remains strong.

The Bitcoin treasury model is also attracting interest from other companies.

the Bitcoin Standard Treasury Company (BSTR) through a SPAC merger with Cantor Equity Partners. BSTR will start out with more than 30,000 BTC and $1.5 billion in buying power, establishing itself as a significant new participant. At the same time, Hong Kong’s Reitar Logtech and UK-based VivoPower are joining the sector, $1.5 billion to BTC and $100 million to , respectively, as part of broader efforts to diversify their treasuries.

Even with Saylor’s assurances, doubts in the market remain.

his short position in MicroStrategy, citing concerns that the mNAV nearing 1x could force the company to sell assets. On platforms like Stocktwits, traders have speculated that Strategy’s shares could face more downward pressure if BTC continues to struggle.

For now, Saylor stands firm. "We've established a solid foundation of support at this level," he told CNBC, encouraging investors to focus on the long-term. As the Bitcoin treasury model continues to evolve with new players and changing market conditions, Strategy’s ability to stick to its aggressive BTC buying plan will remain a key point of interest for both investors and analysts.

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