Too fucking hard core! Michael Saylor, founder of Micro Strategy, directly revealed the capital calculations behind the recent sell-off of Bitcoin. He admitted that the monthly selling of Bitcoin only accounted for 0.2% of the total position, while the buying volume during the same period was 5 to 10 times that of selling. The outside world is fixated on the $100 million cash out operation, but ignores their reverse sweep of over a billion dollars. From the overall market perspective, micro strategy remains an absolute net buyer. The true purpose of this operation is very clear. Using Bitcoin to cash out preferred stock dividends means that the company has completely rid itself of its dependence on issuing additional common stock, which has directly exploded short selling institutions. Meanwhile, precise selling of high cost positions can legally activate billions of dollars in tax credits. With the help of the STRC preferred stock mechanism, they can raise 10 funds for every 1 Bitcoin sold. This is a pure financial arbitrage