I hope it’s not too late: profits can only be made when the flywheel of #MSTR starts turning, whether for bond investors or stock investors. Unless you are not concerned about taking on governance and liquidity risks, and insist on going in to look for the so-called bottom.
I believe you have already noticed that Saylor has messed up! But it's not himself or the creditors; it's the common shareholders. He knows that the financing door is becoming narrower, so he tentatively sold a trivial portion of BTC.
This is exactly the script he has for the next steps: selling Bitcoin to raise funds to pay interest and maintain operations, so that the financing door does not completely close, while hoping that this selling behavior does not trigger a downturn.
@scottmelker Not necessarily. When stock investors and debt investors lose their wealth effect, they will soon face liquidation crisis, and their cash reserves will be exhausted, forcing them to accelerate the sale of Bitcoin.