When Saylor says, "Never sell your Bitcoin," who exactly is he talking to?
To you. Not to himself.
On August 3, Strategy sold another 1,638 Bitcoins, cashing out $104.7 million.
The average price is $63,957.
Holding cost $75,419.
Each coin lost nearly $11,500.
This is the company's third coin sale since the end of June. Previously, 32 tokens were sold as a trial at the end of May, and 3,588 were sold at the beginning of July.
Here it comes again.
Moreover, the board has raised the cash outage cap from $1.25 billion directly to $5 billion—a fourfold increase.
Someone ran to ask Saylor: Didn't you say "never sell"?
Saylor's response was the most exciting part of the day.
He said on X:
"When I say 'Never sell your Bitcoin,' I'm speaking as one saver to another. I have never sold my Bitcoin, not a single Satoshi. Strategy is a publicly listed company, not my wallet. ”
Translate into adult language:
"The slogan I shout is for you to hear. I really didn't sell myself—but my company sold when it was supposed to sell. ”
CEO Phong Le added a more direct blow:
"When selling Bitcoin benefits the company, we sell. We won't just stand by and say, 'We'll never sell Bitcoin.' ”
He even said, "We are JPMorgan Chase of the crypto economy. Whether to sell 1,000 Bitcoins or 840,000 is not worth discussing at all." ”
Let's see what is "worth discussing":
Net loss of $8.2 billion in the second fiscal quarter.
The stock price fell from just over $400 to around $94.
It has fallen 40% this year and 70% over the past 12 months.
8.2 billion yuan in losses. 70% decline. 400 dropped to 94.
Then you tell me, "Never sell"?
Where did the money from selling these 1,638 BTC go?
Half of the dividends paid on preferred stock—an annualized 12% dividend, you have to pay it.
The other half will repurchase discounted preferred shares.
Saylor's personal faith has not lost a single cent. Strategy's balance sheet is bleeding.
So my conclusion is simple:
Personal beliefs belong to personal beliefs, and listed companies belong to listed companies.
Saylor's personal wallet and Strategy's balance sheet are two different things.
He said, "Even if you sell your kidney, you have to hold onto BTC"—that's to make you sell kidneys.
He didn't sell a single one himself.
The company sells when it needs to sell, lose when it should lose, and fall when it should fall.
Don't treat KOL motivational quotes as if they were listed company financial reports.
Your wallet holds your money.
Saylor's wallet contained his money.
Strategy's balance sheet contains shareholders' money—including yours.
See carefully before taking a side. $BTC$MSTR$XMSTR #MSTR再卖1638枚比特币, scale was halved
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