$BTC MicroStrategy (MSTR), which once loudly proclaimed “Never sell Bitcoin,” has now completely reversed its stance under massive losses and debt pressure:

1: The myth is shattered—selling becomes a certainty: After three consecutive quarters of massive losses, the company’s official stance is stated explicitly for the first time—selling Bitcoin to pay dividends and repay debts; the belief in “never sell” has been completely shaken

2: Massive holdings, a high cost basis: It still holds 818,334 BTC, with an average holding cost as high as 75,537; price volatility has a huge impact on its accounting book value

3: Rigid expenses can’t be delayed: Dividend payments are due on May 29; combined with debts totaling 1.5 billion in guaranteed, inflexible expenses, there is no way around selling Bitcoin, and the Bitcoin market will enter a window of heavy sell pressure #比特币站稳8万关口