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First of all, MicroStrategy has already tied itself to BTC; it can be said that Strategy = BTC, and there is no longer any possibility of transformation. Once the 4% volume is truly exhausted, the company will have nothing left, so it can only go down this path to the end.
Recently, I’ve only sold about 30+ coins, and I think it’s mainly a gesture:
1. Proactively breaking the self-imposed rule of not selling coins during a controllable phase, allowing the market to digest and adapt in advance, rather than being overinterpreted when a large sale actually happens.
2. Making the company's financing flywheel mechanism truly run smoothly; with such high interest rates on STRC, BTC should never only go in and never go out, which is fundamentally impossible and unhealthy. At the same time, it reassures STRC investors.
3. By breaking its own rule, it shatters the last illusion in the crypto circle and accelerates the bottoming process.