Does Saylor plan to sell BTC to pay dividends? The world's most powerful "HODL Guru" in the Bitcoin universe suddenly becomes a reality

If there has been a "pure love warrior" in the crypto world over the past few years,
it must be Saylor.
People talk about long-termism,
but he is truly buying BTC crazily with company assets.
Many even think:
If the power goes out one day, Saylor will still be holding cold wallets.
Recently, the market suddenly leaked:
Saylor might sell BTC to pay dividends.
The entire crypto community instantly exploded.
Because this means a very important thing:
Even the most steadfast long-termists are starting to consider practical issues.
Actually, the logic behind this is not complicated.
Although MicroStrategy has gained huge paper gains from BTC over the years, the problem is:
Paper wealth ≠ cash flow.
The company still needs to face:
Financing costs.
Shareholder pressure.
Market expectations.
Especially in the current high-interest-rate environment, continuing to borrow infinitely to hoard coins is no longer as comfortable as in 2021.
So the question is:
If they sell a small amount of BTC for cash to pay dividends, does that count as betraying their faith?
The market is actually divided into two camps now.
One side thinks:
“It's over, even the guru is starting to sell.”
The other side believes:
“Mature institutions should manage assets dynamically.”
And what’s really interesting is the second point.
Because one of BTC’s biggest problems in the past was:
“Only faith, no cash flow.”
But now more and more institutions are trying:
To incorporate BTC into corporate balance sheet logic.
Simply put:
Not just hoarding.
But also managing operations.
This instead shows that BTC is beginning to enter the traditional financial framework.
In the past, the market discussed:
“Will BTC go to zero?”
Now the discussion is:
“How can BTC serve corporate financial structures?”
This is actually a huge change.
In one sentence:
In the past, BTC was like idealism.
Now it is beginning to enter capitalism. #BTC回调