i keep seeing this take. why do you guys all think it matters how much Strategy sells or does not sell any given week? Strategy can sell coins or shares at any time, whenever they want. they could perform the sales now or they could wait until T+1 or whatever before each ex-div date. the cash reserve helps inspire confidence but it is not necessary. and there is no magic 6-month runway number where STRC goes from being worth $99 to suddenly being worth only $92. in fact, selling coins at an mNAV >1 is dilutive to shareholders and they should absolutely not do that. they should sell shares if they want to raise cash. should strategy have raised cash before BTC nuked? duh. but the asset you should be worried about is $MSTR, not $BTC. only when MSTR (i.e. the mNAV) starts suffering should you have to worry about BTC.