The market is no longer pricing Saylor as a buyer, and it’s up around 10% since
Saylor sold more Strategy, which is dilutive without adding Bitcoin per share, though the speaker argues that’s not their main metric anymore. He did buy back some STRC at an extreme discount and raised enough cash that dividend coverage now runs more than two years. But the key takeaway is forward-looking, he’s unlikely to be buying Bitcoin anytime soon. If he sold 3,000, he’s not a buyer, and the market has repriced around exactly that.
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