Published 5 Aug 2026, 10:00 UTC · fetched 3 Nov 2026, 10:58 UTC
Merlijn The Trader
@MerlijnTrader
Quoting · 4 Aug 2026, 14:00 UTC · context given to the AI
🇺🇸 WHAT SAYLOR JUST DID, SPELLED OUT: He sold 1,638 Bitcoin at roughly $63,880. His own average cost is $75,419. That's a loss, taken on purpose. Where the money went: buying back STRC the preferred shares Strategy sold to the public at $100, now trading below $90, paying 12% a year. So he retires $100 of obligation for less than $90, funded by Bitcoin sold at a loss. Strategy's own filing: it won't cut that dividend "until the shares trade consistently near their stated $100 value." Either that's disciplined debt retirement at a discount, or the machine is eating itself. My take: the "infinite bid" era is over. That's one less floor under this range. But before you PANIC the last time Saylor sold into weakness, it was near the BOTTOM, not the top. Forced sellers mark lows more often than tops. September is the deadline. Recovery or acceleration. The weekly filings tell us which, and I read those.🇺🇸 STRATEGY JUST MOVED $66,000,000 WORTH OF $BTC TO FRESH WALLETS I said I'd watch the filings. Two days later. Here's the pattern so far: every wallet movement this quarter, this one was 1,030 BTC ended in a confirmed sale within days. Two for two. The math forcing it: $400,700,000 in dividend and buyback obligations last quarter alone. Authorization to sell up to $5,000,000,000 in BTC. My take: this isn't a question anymore, it's a schedule. I expect sale 3 in the next filing and the tape at $64K feels every tranche. Filing drops within days. I'll have it first.View original on X ↗
Deterministic: the same prices and policy always give the same result
r = 64052.35 / 64097.28 − 1 = -0.1%d × r = +0.1% (neutral only if the price is unchanged) → correctOnly the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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