Today's drop in bitcoin:native was undoubtedly driven mainly by @MicroStrategy selling 32 Bitcoins. You might say 32 isn't a lot, and that's true—it’s not a huge amount. But it did shake the confidence of many investors, especially since @saylor once promised never to sell Bitcoin. That promise was actually discussed earlier this month. The idea behind selling is to buy back better. Michael's point is that if selling 1 Bitcoin allows them to buy back more than 1 BTC, then it’s not a net sell-off—it’s a strategy. Especially when it comes to paying STRC interest, if there isn’t enough cash reserve, selling Bitcoin might become more frequent. Personally, I feel like buying STRC doesn’t seem all that worthwhile. But fundamentally, BTC is still BTC. Its nature won’t change because of anyone’s buying or selling.