In a MarsBit conversation with investor Zheng Di, the discussion centers on MicroStrategy’s Bitcoin selling experiment, the AI economy and opportunities in U.S. equities. The article says MicroStrategy’s financial structure has changed, with two points emphasized: the expansion of preferred shares and a principle of keeping Bitcoin holdings per share neutral. Under that structure, MicroStrategy may continue to sell small amounts of Bitcoin, creating expectations of structural selling pressure in the Bitcoin market.
The article also states that AI is driving gains across parts of the U.S. stock market supply chain, including optical modules and semiconductors. The core logic presented is that Token can be viewed as a new form of labor, replacing part of human labor and raising corporate profit margins. This frames the AI trade not only as a technology theme, but also as a change in how companies generate operating efficiency.
On asset flows, the article discusses the move by crypto exchanges toward U.S. stocks. It describes this shift as a natural migration of liquidity toward high-value assets. In that interpretation, exchanges’ expansion into U.S. equities is not treated as an isolated move, but as part of a broader reallocation of capital and trading demand across asset classes.