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Saylor has started selling coins. It's not surrender, it's credit business.
MicroStrategy sold some Bitcoin this week, but the MSTR stock price did not crash.
The reason is that Saylor views Bitcoin as collateral for loans, not just hoarding.
When Bitcoin's price rises to a certain level, the company can sell a small amount of coins to recover funds, reduce leverage, or finance new products—this is a routine operation in digital credit business.
But the market will still question: if even the largest Bitcoin holder starts selling, what will others think?
Short-term selling pressure is real.
However, Saylor's balance sheet game essentially makes Bitcoin a tool for corporate financing, not a signal to exit.
The risk is: if Bitcoin continues to decline, MicroStrategy's collateral value shrinks, and the credit cycle may be forced to contract, turning coin sales from strategic moves into passive deleveraging.
$btc #区块链 #Crypto Market #币圈 #Web3