MicroStrategy’s (NASDAQ:MSTR) Bitcoin reserves have dropped by roughly 47,000 coins, according to new figures published Friday by crypto analytics firm Arkham.
Arkham’s data shows that the company’s holdings have fallen to about 437,000 Bitcoin, down from a previously reported 484,000. It remains unclear whether the apparent decline reflects internal transfers or whether any coins were actually sold.
The company has been an aggressive accumulator of Bitcoin throughout recent months. Earlier this week, MicroStrategy’s own public dashboard listed total holdings at 641,692 Bitcoin, purchased for a cumulative $47.54 billion at an average price of $74,079 per coin. However, the frequency with which that dashboard is updated is unknown, leaving uncertainty around the timing of the figures.
In the midst of the confusion, MicroStrategy founder Michael Saylor posted “HODL” on X at 7:22 AM on Friday, accompanied by an image depicting him fleeing a sinking ship. In crypto culture, “Hold On for Dear Life” is a rallying cry encouraging investors to stay committed despite sharp volatility.
Emails seeking clarification from MicroStrategy about the discrepancy in Bitcoin balances have gone unanswered.
Bitcoin, meanwhile, slid below $95,000 on Friday for the first time in more than six months. The token has come under sustained pressure as sentiment toward risk assets deteriorates, driven in part by fading expectations that the Federal Reserve will cut interest rates in December. A growing number of Fed officials have indicated they are hesitant to support additional monetary easing.