Michael Saylor, July 6: 'We sold 3,588 bitcoins for $216 million to pay dividends. As of 7/5, we hold 843,775 bitcoins.' Michael Saylor, today: 'Our USD reserves increased by $450 million. As of 7/12, we hold 843,775 bitcoins and $3 billion in cash.' 843,775. 843,775. Not a single sat more. And this week, they sold 4.81 million shares, netting $467 million. Where did the money go? 'USD reserves.' That flywheel, it used to be called 'sell stock → buy BTC.' Now it’s called 'sell stock → pay interest.' 2.28 million people saw his tweet today. The vast majority read it as 'Saylor is still hodling.' What I read is: the biggest buyer on this planet didn’t buy a single coin this week. BTC