That is simply not true. Cholesterol are split in at least 2 different groups. HDL and LDL, the good and the bad respectively. But it's not the whole picture, a subgroup of LDL is considered mostly harmless as it rarely crosses into the bloodstream. The number that you really want to minimize is called LDL-p (LDL particles) in your blood, and surprisingly many saturated fats play a role in reducing that number, and increasing the HDL, which has been shown to be good for your health.
This article is well sourced, and covers almost everything. https://www.healthline.com/nutrition/saturated-fat-good-or-b...
Here's a clip of Dr Rhonda Patrick, who is incredibly well informed on the effects of dietary cholesterol, basically saying the same thing: https://youtu.be/VnYeuES3joc