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MicroStrategy is definitely out of money now and can’t keep stockpiling “big biscuits” anymore. Going forward, if they have money, they’ll prioritize paying dividends first. If they don’t have money to pay dividends, then they’ll sell some coins to pay the dividends. And the more they sell, the further the price falls. Although there isn’t a forced liquidation mechanism, if “big biscuits” stays around the $30k+ price range for a long time, it could turn into a terrifying story.