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Strategy sold 3,588 bitcoin:native to issue dividends, and a bunch of people are crying and wailing, saying MicroStrategy has gone back on its word. The essence of investing is to buy low and sell high—how could MicroStrategy possibly not sell? The key question is why they sold. Buy BTC → issue securities to raise financing → use a tiny amount of BTC to pay dividends → continue the financing → buy more BTC. Selling is to keep the whole flywheel turning so they can buy more BTC. Strategy