From Start9 on X:
"Until a couple weeks ago, Start9 had 100% of our treasury in BTC.
We sold some at $117k as soon as we understood a contentious soft fork was likely.
While not solely responsible for recent decline, it will be a headwind for confidence (and price) until a resolution is reached."
This started to gather some negative comments about them being sellouts. They responded in the most baddass way possible:
"It is not our mission to HODL Bitcoin and bull post about the latest politician or celebrity to say cRyPtO.
Start9 is not a "Bitcoin treasury company".
We are a small band of cypherpunks and Bitcoiners trying to help disembowel the global tech cartel with code, hardware, education, and support - none of which is free.
From 2020-2023, we held between 10-40% of our liquid capital in Bitcoin. Since early 2023, that number has been 100%, selling only enough each month to pay the next month's bills.
75% of the people paid by Start9 are paid in Bitcoin.
90%+ of pur customers are people wanting to run a Bitcoin/Lightning node.
25%+ of all the nodes on the network on running on StartOS.
We are by every metric more invested in Bitcoin's success than pretty much any company on the planet, and we are actively contributing to its success by augmenting its core value, decentralization, through the proliferation of nodes.
Every piece of code we write is MIT licensed, same as Bitcoin. The most free possible.
We do not rely on charity, debt, or gimmicks.
Our only defense as a business is the quality of our products, warranties, and support, and our integrity to the principles of openness and freedom.
Despite a few haters and morons who would prefer that we hodled Bitcoin and bull posted about it rather than fight a revolution, we will carry on.
We will do whatever is necessary to achieve our mission, including exchanging a tiny portion of our Bitcoin for inventory and time occasionally when we see headwinds in the market.
And we will share what we see, because we believe in transparency. You don't have to agree with what we see.
When it comes to the showdown, we will be there, arming you. Your "treasury companies", celebrities, and politicians will not."