WHY DOESN'T STRATEGY SELL BTC AT THE TOP BUT ONLY BUYS MORE?
Big corporation with many shareholders surely they're not bad investors? aren't they afraid of liquidation?
📍 Strategy doesn't view BTC as a trading asset, but as a strategic reserve asset.
Saylor has said very directly many times:
❌ No timing the market
❌ No taking profits according to cycles
✅ Buy and hold forever (or extremely long term)
For them:
Selling at the top means breaking their investment thesisOnce you sell it's very hard to buy back large quantities without pushing the price upStrategy wants to become a "Bitcoin proxy" for Wall Street, not a speculative fund
👉 You guys understand simply: top – bottom is a trader's concept, not Strategy's.
📍Holding ~$2 billion in losses and if BTC dumps more, worried about Liquidation?
They don't borrow, don't face margin call pressure like traders
Most $BTC is bought with long-term bonds, low interest rates, far-off maturity dates
Important:
Strategy's average cost basis is much lower than the top
Previously they've held through -70% crashes (2022) and still didn't sell, even bought more
Do they profit from "storing BTC"?
❌ No direct profit like staking, lending or yield (No staking, No lending, No farming at all)
✅ But they have huge indirect benefits:
🔹Increase stock value (MSTR)
Strategy stock usually rises stronger than BTC when the market enters an uptrend
Investors buy MSTR to access BTC through the stock market
🔹 Legal financial leverage
They use BTC as the "central story" to:
Issue bonds, Raise cheap capital, Reinvest to buy more BTC (so when the price Rises they often buy more, that's why)
🔹 Brand positioning
Strategy = Bitcoin Company....
#BTC $BTC
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