Strategy’s Bitcoin holdings drop by 47,000 coins, Saylor posts "HODL"

Investing.com -- MicroStrategy’s Bitcoin holdings have decreased by approximately 47,000 coins, according to data from crypto intelligence firm Arkham released on Friday.

Arkham’s data indicates that MicroStrategy’s holdings have fallen to 437,000 Bitcoin from 484,000 previously. It remains unclear whether this reduction resulted from coin transfers or actual sales of the cryptocurrency.

The company has been consistently accumulating Bitcoin over recent months. As of Monday, MicroStrategy’s dashboard showed total Bitcoin holdings of 641,692 coins, acquired for an aggregate purchase price of $47.54 billion at an average price of $74,079 per Bitcoin. However, it’s uncertain how frequently this dashboard is updated.

MicroStrategy’s founder Michael Saylor posted "HODL" on social media platform X at 7:22 AM on Friday, alongside an image appearing to show him escaping a sinking ship. HODL is a popular term in cryptocurrency communities that stands for "Hold On for Dear Life," suggesting a strategy of maintaining cryptocurrency positions despite market volatility.

Emails sent to MicroStrategy requesting clarification about the apparent discrepancy in Bitcoin holdings have not been answered.

Meanwhile, Bitcoin traded below $95,000 on Friday for the first time in over six months. The cryptocurrency has faced downward pressure along with other risky assets in recent days as expectations for a December interest rate cut from the U.S. Federal Reserve have diminished. A growing number of Fed policymakers have signaled reluctance toward further monetary easing.

(Garrett Cook and Vlad Schepkov contributed to this article)