MicroStrategy needs a disciplined bitcoin exit plan says CryptoQuant

Michael Saylor's relentless accumulation of bitcoin has turned MicroStrategy into a proxy for the asset itself, but analysts say it's time for a reality check. CryptoQuant's latest report argues the company lacks a disciplined framework for managing its massive treasury. While the firm's stock often trades at a premium to its underlying holdings, that gap won't stay open forever if market conditions sour. Saylor hasn't shown a willingness to sell, even when technical indicators scream that the market is overheated. The researchers suggest that without clear rules on when to trim positions or buy the dip, the company risks leaving shareholders exposed to brutal drawdowns. It's one thing to have diamond hands during a bull run, but it's another to ignore the basic mechanics of risk management. Will the biggest corporate holder in the world actually blink and hit the sell button when the cycle peaks?