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The main logic behind MSTR selling coins is:
After trying so many financing tools, MSTR still believes that STRC is the most useful. Going forward, it will mainly borrow money from the market around this.
The reason for repaying the convertible bonds early is that early repayment means the bonds can’t be converted (i.e., they can’t be converted after being repaid early). Selling 32 BTC is also for this purpose (to convey its stance to the market on paying STRC dividends).
If everyone is interested, we can make a video to discuss it in detail.