Strategy is walking a tightrope. The purpose of that $3B reserve: reassure the market it has enough cash to keep paying STRC dividends. 🚨But it wasn't built with BTC!!! Strategy sold $467M of MSTR stock last week, and quietly diluted every existing shareholder. The snap-back everyone expected hasn't shown up: 🔴 STRC near $87, still far from its $100 par 🔴 MSTR down 2.5% to $92, BTC +0.39%(BloFin Research)