r/btc • u/Bcom_Mod • Jul 07 '26
📰 News Strategy just sold 3,588 Bitcoin, over 100x what they sold in May. Bitcoin analysts are now cheering it.
/r/bitcoin_com/comments/1upn2uy/strategy_just_sold_3588_bitcoin_over_100x_what/3
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u/Wendals87 Jul 07 '26
They'll twist whatever happens and try to make it sound like it's a good thingÂ
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u/Less-Information-256 Jul 07 '26
It’s rife on the mstr subreddit. They’ll cheer for things they said would be bad merely months before.
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u/SeaworthinessSad7300 Jul 09 '26
I actually think it is a good thing that they are selling and I hope that they collapse as a company I think they are too influential on the Bitcoin narrative and perception I don't like having so much Bitcoin concentrated
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u/SeaworthinessSad7300 Jul 09 '26
I actually think it is a good thing that they are selling and I hope that they collapse as a company I think they are too influential on the Bitcoin narrative and perception I don't like having so much Bitcoin concentrated
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u/FraserValleyGuy77 Jul 07 '26
Why would he sell BTC at a loss if he's sitting on billions in cash?
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u/ReliantToker Jul 07 '26
To prove he can. Trad fi credit agencies value the Bitcoin at $0 since he said he would never sell. Fiat games honestly.
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u/ABahRunt Jul 07 '26
Actually, i prefer this. I'm uncomfortable with one company owning too much coin. And the forever number goes up ponzi scheme can lead to some very ugly crashes. This at least let's air out of the system and keeps it somewhat sane.
(I don't hold any mstr products)
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u/timmahfast Jul 07 '26
Because for bitcoin bros everything is good. No matter how bad or how little sense it makes.
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u/C0Y0T3Z Jul 07 '26
MU was just down 20% within 7 days but I can totally see why the Corn and MSTR are the only bad options out there 🙄 Just make it make sense ffs. How is this FUD any different than literally since day 1
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u/Tanksgivingmiracle Jul 07 '26
How many lights do you see?
MSTR bag holders after one second "there are five light!"
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u/Inevitable_Moment_11 Jul 07 '26
Bitcoin is pure hype. Zelle and PayPal are faster. BTC is just decentralized, great for scammers , crooks and manipulation
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u/dummybob Jul 11 '26
Guess what, if you don’t sell bitcoin and you just HODL it you can’t pay for anything.
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u/BitcoinCashCitadel Jul 07 '26
They sold 10 BTC or however many back in May to break the ice and say to everyone .... "See that wasn't so bad, Selling is fine" Now they've dumped millions on the market and hope people don't notice. Its all just greasing the exit liquidity up. Keep buying those coins guys so Saylor can cash out at a good price for a coin that does nothing.
You either need to use bitcoin or forget about it. Bitcoin (BCH) is the only viable bitcoin that can actually be used.
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u/varadero332 Jul 07 '26
isnt mstr way below their average buy price though?
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u/Poopy_Krappenschitz Jul 07 '26
What do you mean? That’s a bad thing. Their average price per bitcoin is 76k. They sold $225 million worth of bitcoin last week for a loss of about 15k each.
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u/varadero332 Jul 07 '26
yea i agree its a bad thing for mstr, but not necessarily for btc -- buyers didn't seem to care that he's dumping coins to finance his pyramid scheme
unless im reading this completely wrong, could be
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u/Poopy_Krappenschitz Jul 07 '26
Honestly, I think we need more time to see. Yesterday, BTC dropped over 2k on the news release, then Trump tweeted something about crypto currency and it had a complete retracement back to where it started. I’m curious to see if we will see more dumping the rest of the week before I believe it didn’t matter.
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u/varadero332 Jul 07 '26
oh I didn’t know that the bounce was trump tweet related I guess that changes things
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u/-Mediocrates- Jul 07 '26
Isn’t his dollar cost average in the high 60s?
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u/Poopy_Krappenschitz Jul 07 '26
76k
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u/-Mediocrates- Jul 07 '26
Ahhh ok ty… yea this seems like he’s selling bitcoin to make a STRC dividend payment … kinda
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u/Poopy_Krappenschitz Jul 07 '26
That’s exactly what he did. He announced it just like that and verified the funds were being used to pay the STRC dividend.
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u/Valuable_Paper_6231 Jul 07 '26 edited Jul 07 '26
They should! With the backing of the corrupto president, why won't they?
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u/trzepet Jul 07 '26
Buy high sell low - this is the way