Is MicroStrategy selling Bitcoin?

The truth is completely the opposite.

A recent screenshot has gone viral in the community. The headline is particularly alarming: MicroStrategy says that if Bitcoin continues to decline for three years, we may be forced to sell Bitcoin.

Doesn't it sound like a catastrophic bearish signal? The once self-proclaimed "never selling coins" diamond-handed company is actually saying: sell BTC?

If you only look at the headline, you would indeed be scared to death. But when you zoom in on the screenshot, you'll see a more frightening and more noteworthy figure:

They actually have 1.44 billion dollars in cash reserves.

Goodness, it turns out the core of the whole matter is not about "selling coins", but rather MicroStrategy wants to tell the entire market: we are well-funded, even if a three-year super bear market hits, we won't die.

In fact, outsiders have always thought of MicroStrategy as a high-leverage gambler, and the bears love to say: "Just a little more drop, and they will be liquidated!"

But this chart directly shuts the bears' mouths.

How did the 1.44 billion dollars come about?

This money comes from the latest stock financing, with a clear purpose:

✔ Cover interest for the next 21 months

✔ Pay preferred stock dividends

✔ Buy themselves a two-year "survival insurance"

You can understand it this way: even if revenue drops to zero, they absolutely do not need to sell any Bitcoin to maintain operations.

So what does three years of continuous decline mean? It's not a warning, it's a provocation. They are publicly telling the market: unless something that has never happened in Bitcoin's history occurs, we will never sell.

Has there ever been a record of BTC declining for three consecutive years in history?

Never. The longest time is a year and a half.

So what I see is that MicroStrategy is evolving from an "aggressive buyer" into the shadow central bank of Bitcoin.

How to understand this news?

In the short term, there will certainly be people using it to stir up FUD, but those who truly understand financial reports will see that this is a positive signal.

And the real lesson for ordinary investors is: if you can't withstand three years of decline, don't try to play leverage like Saylor. They have long since transformed from whales into submarines capable of diving for three years.

For ordinary people, buying spot is the best investment method.