MarsBit’s Whale Movement item, titled “Dialogue with Investor Zheng Di: MicroStrategy’s Coin-Selling Experiment, the AI Economy and U.S. Stock Opportunities,” focuses on several connected themes: MicroStrategy’s financial structure, Bitcoin market supply pressure, the artificial intelligence economy and the movement of liquidity toward U.S. equities.
The article says MicroStrategy’s financial structure is changing, with two points at the center of the discussion: the expansion of preferred shares and the principle of keeping the amount of Bitcoin per share neutral. Within that framework, the article discusses the possibility that MicroStrategy may continue selling small amounts of Bitcoin, and links that scenario to expectations of structural selling pressure in the Bitcoin market.
The article also turns to the U.S. stock market. It states that artificial intelligence is driving gains across supply chains such as optical modules and semiconductors. The core logic presented is that tokens are being treated as a new form of labor that can replace part of human labor, thereby improving corporate profit margins. In the same discussion, crypto exchanges’ shift toward U.S. stocks is described as the natural migration of liquidity toward higher-value assets.