The news of the micro strategy selling coins just now caused a drop in the market, and the previously good line was directly hit by a needle. STRATEGY SELLS 3,588 BTC OVER PAST WEEK。 Last week, we sold 3588 coins and cashed out 216 million US dollars. Calculate the average price -216 million divided by 3588, which is approximately 60200. At present, the holding cost of the micro strategy is 75699. The last time I sold 32, it was still above the cost line, but this time it is a real cut. The preferred stock dividend of 80-90 million yuan per month is rigid, and 216 million yuan is just enough for more than two months' worth of grain. However, this is not too unexpectedly bearish, after all, on June 29th, a BTC monetization plan worth $1.25 billion was authorized (up to a maximum of about 20800 coins can be sold, accounting for 2.5% of the position). I'm just a little worried that I used up 17% of my credit limit in just the first week. Don't use up all your credit limit in 6 weeks. Let's expand the authorization later Of course, this is a good thing for STRC. The 70+pit is likely to be the bottom of this round - the company's own 1 billion yuan authorization constitutes an implicit buying order below, coupled with a 12% coupon rate, it is likely that it will be difficult to fall further. However, it is not realistic to directly rise back to the anchor. I estimate that I will eventually need BTC to return to the main market and rise to the next level in order to approach a complete return to the anchor and unwind. Please be patient and wait 。 In terms of quantity, 3588 accounts for only 0.4% of the 840000 holdings, which is actually not much. However, the problem is whether this is a one-time sale or will become a normalized sale. If it is done every month or every two months to earn interest in the future, it will be difficult for BTC to rise. There will be one less pure buyer and one more pure seller, coming and going... Alas Continuing to focus on two things: The amplitude and frequency of coin sales Will the other 198 DAT companies follow suit and engage in similar unethical practices (which will increase sales pressure)