Postaus

Is MicroStrategy also struggling? It sold another 1,638 BTC... This time, Strategy sold 1,638 $BTC, cashing out $BTC 104.7 million, with an average selling price of $63,957. Compared to the 3,588 sold in early July, the scale is about 54% less. The money from selling coins was not used to run away; $BTC 52.4 million was used to pay preferred stock dividends, and $BTC 52.3 million was used to repurchase STRC. In short, MicroStrategy is currently busy not with mindlessly buying more coins, but maintaining its financing system. This sale accounts for only about 0.19% of the total holdings, and the company still holds 842,138 BTC, so it’s not yet a case of "struggling to hold on." It used to be a permanent bull that only bought and never sold, but now it has started using BTC to handle cash needs. Selling once can be called financial arrangement; if it continues to sell consecutively, the situation changes. Faith hasn’t collapsed for now, but the strategy has indeed changed. #FedSplitGoesPublic #BigTechEarningsWatch #PalantirBeatAndRaise