Saylor sells 3588 BTC for $216 Million

Peter Schiff rubs salt in the wound: https://xcancel.com/PeterSchiff/status/2074110102085210585\

$MSTR spent the last two weeks selling Bitcoin. The average price on 3,588 Bitcoin sold was $60,196.73. Given MSTR’s average cost, that’s a realized loss of about $15K per Bitcoin, or about $54 million. With over 840K Bitcoin left to sell, the total losses will be much greater.

I had no idea he had THAT MANY coins, wow!

Hell yes
(I may or may not have made a bet on this)
Can't believe the odds were 20% yes muahahahahah

What's crazy is I just saw a video seemingly glazing bitcoin from a big yt channel posted july 4th

Uneducated take: that sounds like a lot of bitcoin. But strategy has tens of thousands, right? One very important thing I heard in a video breaking down strategy (linked), is that because of MS using its bitcoin as leverage/collateral to borrow money, it is forced to sell low and buy high.
When BTC is high, they can use the value of their assets to get loans to buy more btc

When btc is low, their debt to asset value ratio goes sour and getting a loan to buy more btc would be difficult, and they might even be pressured to sell

It's beautiful, I wanna see fireworks ngl
I hope broken business models makes a video xD