Crypto analyst Ardizor has shared a detailed theory on X, indicating that investment giant BlackRock is secretly selling Bitcoin while increasing its stake in MicroStrategy (MSTR). According to him, the strategy is designed to trigger panic in the market, push MicroStrategy into a corner, and then buy BTC back at cheaper levels.
Ardizor pointed out that Bitcoin started this week with weakness after a sharp sell-off. He claims that BlackRock was behind it, unloading around $500 million worth of BTC in under 24 hours.
Opening the charts on Monday we saw not the best start of the week
— ardizor 🧙♂️ (@ardizor) August 21, 2025
Many are looking for a black swan but the answer is simple – @BlackRock stepped into the game again
This time they came with a dump of about $500M $BTC in less than 24 hours pic.twitter.com/Z4RWr5tUr9
At the same time, filings show that BlackRock now holds over 11.2 million shares of MicroStrategy, equal to about 5% of the company. This position gives BlackRock direct influence over the firm, which is the second-largest holder of Bitcoin in the world with more than 629,000 BTC on its balance sheet.
What you'll learn 👉
Why MicroStrategy Is Vulnerable
The analyst explained that MicroStrategy’s business model makes it especially sensitive to outside pressure. The company’s reserves are almost entirely in Bitcoin, which means that if its stock price falls, creditors could tighten terms or demand repayments.
If that happens, the only asset MicroStrategy can quickly sell is its Bitcoin stash. Ardizor suggests this is exactly what BlackRock could be aiming for.
The Alleged Playbook
In his thread, Ardizor laid out the steps:
- Sell BTC in chunks to trigger fear.
- Use media coverage to amplify the panic.
- Force MicroStrategy into a weaker position.
- Accumulate BTC at the bottom when the market capitulates.
He also noted that while this kind of institutional play looks brutal, it’s typical of how big players operate.
Potential BlackRock scenario:
— ardizor 🧙♂️ (@ardizor) August 21, 2025
➬ artificial dump -> FUD in media
➬ wave of MicroStrategy sell-offs
➬ scooping $BTC at the bottom
That’s a perfect plan to race for cheap $BTC pic.twitter.com/6rJB96bW3H
A Longer-Term Strategy
BlackRock officially holds about 3% of the total Bitcoin supply today. Ardizor believes that if this approach continues, the firm’s share could grow to 7–10% over time. That would put BlackRock in a dominant position in the crypto market, potentially rivaling or surpassing MicroStrategy as the central player.
Still, he also cautioned that such moves carry risks. If investors lose trust in BlackRock due to perceived manipulation, they could withdraw funds, which would undermine the firm’s wider business.
Read also: OKB Price Keeps Pumping, Smashes Records – But This Indicator Signals Pullback Ahead
What It Means for Bitcoin
According to Ardizor, retail investors shouldn’t panic over short-term dumps. He argues that institutions are always playing against smaller traders, and the ultimate goal is accumulation.
“The conclusion is simple,” he wrote. “BlackRock doesn’t seek the collapse of MicroStrategy but is only testing tools of market control. For retail this is a chance to profit if you spot the patterns.”
He added that after these short sell-offs, Bitcoin could rally to a new all-time high in October–December 2025.
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