Suddenly saw the price of bitcoin:native drop.

CN
Phyrex
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7 hours ago

Suddenly seeing the price of bitcoin:native drop, I was worried that $MSTR had a problem. Sure enough, last week Michael started selling Bitcoin, and he sold as many as 3,588 coins. I think selling Bitcoin is just a matter of time, but there was no information about ATM common stocks last week, so I wonder if the shareholders disagreed with continuing to dilute.

Logically, MSTR currently has enough funds to maintain the profits of $STRC and other preferred stocks for more than a year, so there shouldn't be any urgency to sell BTC for financing. Moreover, Michael posted that it was to pay dividends, which feels off; if it were to repurchase MSTR or STRC, it would make more sense.

I wonder if this portion of the funds will be used for repurchase?

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, and prediction markets one-stop trading


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