Jul 8, 2026 5:49 PM
Michael Saylor’s "never sell" Bitcoin pledge is officially dead. MicroStrategy recently dumped 3,588 BTC to fund operations while drowning in paper losses from an average buy price of $75,000—well above current market value. With the stock crashing 71% in a year, the "Bitcoin proxy" dream has become a nightmare for anyone who didn't sell the peak. If the company is forced to cannibalize its stack just to survive, has the entire strategy failed? What’s your take?
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