Strategy sold 32 BTC to pay dividends – But the real risk is what happens if it has to sell more Bitcoin

- Strategy sold 32 BTC to pay dividends. Yes, the "never sell" cult just cracked. Michael Saylor’s treasury, once a holy grail of hoarding, is now funding STRC preferred stock payouts. It’s a microscopic 0.0038% of holdings, but it signals a shift: Bitcoin is no longer just a reserve; it’s collateral for corporate credit. Jim Cramer is reevaluating; Jeff Dorman calls it a ticking time bomb. If BTC crashes, Strategy must sell more coins to cover fixed dollar liabilities, creating a death spiral risk. The moonboys can keep dreaming; the accountants are waking up. This isn’t HODLing anymore; it’s leverage with a Bitcoin face.