didier: How should we interpret MicroStrategy's Bitcoin selling behavior? Frontier tech investor didier @futurist2077 shared that MicroStrategy is normalizing small-scale Bitcoin sales to minimize the market impact. The company has three to four convertible bonds maturing between the end of this year and March next year, so it may continue to accumulate cash reserves. One key reason for MicroStrategy's previous Bitcoin sales was the disappearance of its stock premium, which made ATM financing unfeasible. If the stock can maintain a premium of 7% to 10% or higher, the company might focus more on raising cash through stock ATMs rather than prioritizing Bitcoin sales. Follow Wu Talk Channel for more expert interviews, podcasts, and short videos.