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Strategy's 32 Bitcoin sale sparked fears of larger disposals among investors.
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Alex Kruger says selling billions in Bitcoin would damage Strategy's credibility.
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On-chain data shows no major Strategy Bitcoin transfers toward exchanges recently.
Just a week after the strategy, the world’s largest corporate holder of bitcoin revealed its first BTC sale since 2022, and investors are once again questioning whether Michael Saylor’s company sold more BTC last week.
A cryptic “32?” has sparked debate over whether Strategy is still buying the dip, or quietly reducing exposure.
Saylor’s “32?” Tweet: What does it mean?
The speculation began when Saylor later posted a simple message on X: “32?” The post triggered a wave of theories across crypto social media. Some users interpreted it as a reference to the 32 BTC sale, while others speculated it could hint at a future 32000 Bitcoin purchase.
Crypto user Helin Ulker even suggested the number could signal a potential move toward $32,000 Bitcoin, though no evidence supports that claim.
At the same time, on-chain activity has shown no evidence of major Strategy-linked transfers to exchanges, moves that would normally suggest a large sale is coming.
Economist Says a Major BTC Sale Would Be a Huge Mistake
Argentine economist and trader Alex Kruger pushed back against fears that Strategy may have sold a substantial amount of Bitcoin.
According to Kruger, many traders appear to believe that if Strategy did not sell billions of dollars worth of BTC last week, then Bitcoin’s recent weakness must continue.
He disagrees.
Kruger argued that selling billions of dollars of Bitcoin shortly after purchasing large amounts near $81,000 would represent a costly mistake and undermine the company’s entire accumulation strategy.
“Worst case scenario,” he said, would be Strategy damaging its credibility by abandoning the very approach that made it the world’s largest corporate Bitcoin holder.
Saylor’s Good Time to Add More Dots
Adding another twist, Saylor recently shared Strategy’s Bitcoin acquisition tracker with the caption, “A good time to add more dots.”
Historically, similar posts have preceded new Bitcoin purchase announcements.
At the same time, blockchain data has not shown any major Strategy-linked transfers to exchanges over the past week. For many traders, that is an important detail because exchange deposits often signal preparation for a sale.
Buy the Dip or Sell More?
The absence of exchange activity has led some analysts to believe that Strategy may have been preparing to buy rather than sell.
Crypto analyst Michael van de Poppe argued that if Saylor announces another Bitcoin purchase, fears surrounding the recent 32 BTC sale could quickly fade. While the transaction represented just 0.0037% of the company’s massive 843,706 BTC holdings, it was enough to unsettle investors.
Strategy controls nearly 4% of Bitcoin’s total supply, making even small sales closely watched events.
Therefore, Van de poppe believes any accumulation would strengthen confidence in the market and potentially help Bitcoin recover toward the $70,000 level.
