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He sells 32 bitcoin:native at an average of $77,135, the timeline melts down, people panic, conviction evaporates, Bitcoin gets slapped, and then he comes back and buys 1,550 BTC at an average of $65,332. That is $11,803 lower per BTC. Those 32 BTC were a test. And almost nobody seems to understand how alarming the outcome was. Strategy and Saylor personally are holding 862,988 BTC. That is 4.11% of the entire Bitcoin supply. Around 19% of all bitcoin:native, and possibly much more in reality, is now held by ETFs, public companies, private companies, states, mining companies and other tracked institutional entities.

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