I guess this gives us a glimpse that just because a company is vocal about accumulating Bitcoin and even says "HODL," we shouldn’t trust them blindly. Being a business entity, their main motivation is always profit. It’s basic - they’ll only make a profit once they sell.

So, I wouldn’t be surprised if MicroStrategy (the non-Asian one) sells their holdings in the future. They’re probably waiting for a bigger profit, and they’re definitely not selling at $100k, as that milestone has already been achieved.

It's surprising they sold all of their coins instead of holding some part of it, sold all of the coins is like they stop to trust Bitcoin and Ethereum. After all it's their choice though, but I'm sure the peak of bull season in the current cycle wasn't only $100K.

Yeah, you know... business isn't a charity, businessman don't care about relationship, friend or moral, if they can earn a lot profit, then they will do it.

If they invested in Bitcoin, made money and are now taking profits, good for them. They did the right thing and made profit. Nobody expects them to hold on to Bitcoin forever as Saylor says, they would've sold it eventually. I don't think this will create a butterfly effect and cause a wave of selling and start a bear market. If the price of Bitcoin goes down, they will buy it again, these types of funds don't approach financial instruments emotionally, they do what makes sense.

Most companies that got into Bitcoin thus cycle will think that the cycle top is in just because we're at $100K which itself is an unexplored territory for Bitcoin so Meitu was just being careful but it shows how fearful they are and if Bitcoin does better than it's doing now, then they would have lost more potential profits just as German government sold bitcoin near the local bottom at the time.

As I have always said, it's not every company that buys bitcoin will hold long term like Microstrategy. Let's not also forget that these firms owe it to their investors to deliver profits and selling is the major way they can realize the profit.

I understand that, there are factors that affect the price movement of bitcoin which includes demands and supply but the truth is that, the cryptocurrency market is a very tricky one as no one can actually say what exactly would happen next ad as such that’s why all we can is only predict and speculate.

I don’t know the major reason for them selling but I also understand the Asian Microstrategy also know what they’re doing and the major point is to make profit and they might decide to sell now and buy back if the price of bitcoin drops down.

Everyone had their purpose for investing in bitcoin and the case with the Asian Microstrategy isn’t exempted and I also agree with you that , they might have hit their Yeager and selling at this point isn’t a bad idea.

The total amount sold would not create a FUD.

That's what written in the news.

Even $1 billion dump could not even create a panic now because the market is already very liquid and we are not living in the past.
they are call Asian's Micro Strategy because of their actions in 2021 that they accumulate bitcoin but they are nowhere new with the real Micro Strategy in terms of crypto accumulation.

And they sell then how can you compare them to MicroStrategy? It's totally different as MSTR hasn't sold as per Michael Saylor. And good for Meitu if they sold and getting that huge profits because that is the very essence of them investing on BTC and ETH in the first place, so you can't blame them for that. Although if they can just hold till next year, they could have double their profits but I guess they can't wait.

I'm not sure if Meitu selling will interest companies to sell off their holdings, this are huge companies, they have a lot at stake and so they can't just decided to sell just because some Asian company sold their crypto.

Sorry to burst the bubble for you but we haven't even at the half way or the bull run that we are expecting. Of course, bear season will come, but we still be in the bullish trend till next year.

Of a truth, Meitu cannot be compared to Microstrategy based on the number of Bitcoin it accumulated, the years it held and the profit it realized. It was dubbed Asian Microstrategy because it's the only private company in Asia that had the highest Bitcoin. Following its sell off, the title now rest on Japan's Metaplanet with 1,100 bitcoin.

I understand well that some persons may not like the news because they'd have wanted Meitu to hodl longer but I also see it as an ad for Bitcoin. That a company invested $100 million dollars in Bitcoin and within 3 years made a profit of $180 million dollars, that's huge.

After selling their holdings the title was taken away from them and given to Japan's Metaplanet company which holds 1100 BTC. At that period when Meitu held BTC, the company was likened to be Micro strategy. No body knew about their intentions, and now they're no where to be compared to Saylor's holding.