A MarsBit article focuses on the question of whether MicroStrategy could move toward a so-called “death spiral.” The discussion centers on the pressure created by preferred stock and debt, and how that pressure can translate into continued small Bitcoin sales. According to the article, these sales have raised concerns in the Bitcoin market because the issue is not only the size of any single transaction, but the relationship between financing pressure, debt obligations, and Bitcoin price movements.
AI, Tokens and Market Repricing
The article also broadens the discussion beyond MicroStrategy and Bitcoin. It argues that artificial intelligence is reshaping production factors, while tokens are being viewed as a new form of labor. Within this framework, AI is not treated only as a technology theme; it is also connected with changes in asset pricing and production relationships. The article links this logic to the rise of the U.S. stock market’s AI industry chain.
On the shift of crypto exchanges toward U.S. equities, the article describes the move as a natural choice based on liquidity and the reality of asset value. Rather than framing it simply as a change of business direction, the article emphasizes capital depth, asset recognition and market efficiency. Looking at the second half of the year, it says macro uncertainty is increasing, while maintaining a long-term positive view on the integration of AI and Web3.