CryptoQuant says Michael Saylor's Strategy should halt its bitcoin buying
CoinDesk·
60-second summary
CryptoQuant warns that Michael Saylor's Strategy, behind the STRC fund, is facing a significant cash cushion depletion, dwindling from seven years of coverage to just 14 months, and its aggressive buying at cycle tops has resulted in a substantial $10.6 billion paper loss, raising concerns about the fund's financial stability and potential market implications for bitcoin investors.
CryptoQuant says the cash cushion behind Strategy's STRC has thinned from seven years of coverage to 14 months, and buying BTC at cycle tops has left the company with a $10.6 billion paper loss.