Strategy sold 32 BTC and people acted like Saylor had abandoned the entire thesis.
The sale was 0.003793% of Strategy's bitcoin stack. That is a tiny, public demonstration that bitcoin on the balance sheet can be turned into cash when obligations require it.
That matters because STRC and the other preferreds depend on investors believing the dividends can be funded in more than one way. Strategy can issue common stock, issue more preferred equity, use its dollar reserve, borrow, or sell a little bitcoin. The 32 BTC sale put that option on record.
The household version is less technical, but it is the same basic question. If your portfolio exists to buy freedom, it eventually has to fund real expenses: housing, food, health insurance, travel, kids, taxes, and the rest of normal life. When that bill arrives, you have to choose a cash source.
I still think bitcoin should usually be the last asset sold. Let the strongest asset breathe if you have cash, stocks, or lower-upside assets available. But last doesn't mean never. If selling some bitcoin reduces stress, keeps your family stable, or supports the freedom you were trying to buy in the first place, the sale can be correct.
Read the full piece: https://www.firebtc.io/p/saylor-sells-some-sats
The sale was 0.003793% of Strategy's bitcoin stack. That is a tiny, public demonstration that bitcoin on the balance sheet can be turned into cash when obligations require it.
That matters because STRC and the other preferreds depend on investors believing the dividends can be funded in more than one way. Strategy can issue common stock, issue more preferred equity, use its dollar reserve, borrow, or sell a little bitcoin. The 32 BTC sale put that option on record.
The household version is less technical, but it is the same basic question. If your portfolio exists to buy freedom, it eventually has to fund real expenses: housing, food, health insurance, travel, kids, taxes, and the rest of normal life. When that bill arrives, you have to choose a cash source.
I still think bitcoin should usually be the last asset sold. Let the strongest asset breathe if you have cash, stocks, or lower-upside assets available. But last doesn't mean never. If selling some bitcoin reduces stress, keeps your family stable, or supports the freedom you were trying to buy in the first place, the sale can be correct.
Read the full piece: https://www.firebtc.io/p/saylor-sells-some-sats
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