It hasn’t been long and I’m already annoyed by the panic around this. MSTR is a company. It had convertible debt on it’s balance sheet. That debt was going to come due soon. The maturity of that convertible debt would have diluted current shareholders of MSTR. Instead of letting this happen, MSTR sold BTC and cleared some of it’s convertible debt. All future debt raised by MSTR will likely be through its preferred offerings of STRC, STRF, STRD, etc… Clearing Convertible debt and raising future capital through preferred equity liabilities is a not just a good thing. It’s a great thing – for MSTR shareholders, for preferred shares investors, and for BTC holders. The panic around MSTR selling 0.0038% of it’s total BTC holdings is just pure lunacy.

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