Jun 25, 2026 3:11 PM
Michael Saylor’s Bitcoin strategy is now a "liquidity sink" that absorbs demand without moving the price. Every BTC purchase made since 2024 is underwater, and dividend coverage has collapsed from seven years to just 14 months. The "buy the local top" meme is now a systemic risk that could mirror bankrupt crypto firms. To survive, the company must stop stacking and start selling to manage risk. Is the "never sell" mantra visionary or just reckless? Do you agree?
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