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Yesterday, Saylor was hinting at buying more Bitcoin. Today, Strategy's official announcement did the exact opposite. Let me teach you a simple way to watch this company: don't listen to what he says, look at what he approved in the documents.
First, look at what he said. For a long time, Saylor's persona has been the 'forever hoarder' - only buying, never selling, diamond hands until the end of time. Yesterday he still flashed a big chart of holdings, hinting at adding more. This is the talk.
Now look at what he approved today. On June 29, Strategy announced a $2 billion stock buyback and launched a new 'Digital Credit Capital Framework'. These are still routine. But according to Yahoo Finance, hidden inside is a structured Bitcoin sale plan with a $1.25 billion sell limit. The company also holds $2.55 billion in fiat reserves, allocating $1 billion each to MSTR and STRC for buybacks. This is the action.
Talk and action are out of sync for the first time.
Let me translate this action for you. A company that carved 'never sell Bitcoin' into its faith has officially opened a door for selling Bitcoin. It has transformed from a 'buy at all costs' perpetual motion machine into a 'sell when necessary' calculating operator. This shift is more important than whether it actually sells that $1.25 billion or not.
By the rules, I won't characterize it. Setting a sell limit and conducting stock buybacks can be seen from a financial management perspective as prudent and responsible. I didn't say this is a bad thing, let alone that it's going to crash. These moves might even be to stabilize the shaky stock price, a form of self-rescue.
But one thing is clear: the action has acknowledged for it that the myth of 'diamond hands never sell' has been bracketed by the company itself today.
On the market side, shareholders have begun to punish companies that hoard coins by diluting equity. The market no longer pays a premium for the 'blind hoarding' story.
The mouth can keep shouting 'forever'. But the sell limit in the document is in black and white. Which is more credible, you decide. Tomorrow is STRC's ex-dividend date, just watch the action.