"If it's backed by Bitcoin but you'll never sell it, it means nothing" Kevin on why Strategy committing to sell Bitcoin is the best thing that could have happened for STRC and MSTR holders "If you don't make a commitment to sell it then it's meaningless. From a credit side they're not going to underwrite it as a 25% LTV" "Selling Bitcoin to buy back the share when there's a discount to MNAV is a great way to capture additional Bitcoin per share increase" "Saylor committing to sell if it's below one MNAV actually gives equity holders more long-term value in holding the stock" "It's not healthy for the market to bank on Strategy never selling. If it's good for STRC and MSTR holders then by transitivity it's good for Bitcoin"