MSTR’s recent moves are pretty subtle—going from “never sell” to “can sell to cash back,” and the market reaction is like a roller coaster. In the short term, it looks flexible, but how do you explain the long-term faith narrative? Holding 850,000 BTC yet showing an unrealized loss of 32 billion, this leverage is truly heart-pounding.

CoinWorld News: MSTR's stock fell more than 5% in pre-market trading after strategically abandoning its "never sell Bitcoin" policy. Previously, the company's stock had risen over 12% after announcing a new capital management framework. The new plan allows the company to sell Bitcoin to fund dividends, interest payments, cash reserves, and stock buybacks. Despite an initially positive investor reaction, the latest decline indicates the market remains cautious, especially when Bitcoin is trading near $60k. MSTR currently holds nearly 850k Bitcoins, and due to the continuous decline in Bitcoin prices over the past two quarters, the company has accumulated unrealized losses exceeding $32 billion.