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All the noise around the 32 $BTC sale misses the main point.
MicroStrategy has already done this before. In December 2022, it sold 704 BTC for tax-loss purposes, then bought back 810 BTC just two days later.
Today, the company still holds around 843,706 BTC.
That’s roughly 4% of #Bitcoin total supply.
In that context, a small isolated sale looks more like tactical portfolio management than panic selling.