Saylor just sold 3,588 BTC for $216 million. "Never sell" is officially a retired slogan

3,588 BTC sold this morning by the person who invented HODLing for corporations.

Saylor broke "never sell" in may with 32 coins as we though but he again sold this morning with 3,588 coins and a $216 million filing.

while 32 coins was a proof of concept to show the market the mechanism works, maintain confidence so now 3,588 coins is a quarterly dividend payment.

Strategy's preferred stock obligations run $750-800 million annually,btc is at $62K against an average purchase price of $75,699 and the equity premium that let them raise cheap capital has inverted into a disc. The model that worked elegantly at $100K btc is running on fumes at $62K lol.

The irony is that saylor understood the self custody argument better than almost anyone and spent years explaining why holding bitcoin through any intermediary like an exchange, an ETF, a corporate wrapper introduces counterparty risk that direct ownership doesnt have but he just bet that his corporate wrapper was different because conviction.

It wasnt diif but leverage and leverage without a timeline is just a margin call waiting for the right price.

Sometimes boring is just correct.

Is 3,588 coins a one quarter event or does this file every quarter until btc recovers above $75K?