everyone thinks treasury accumulation means a company is always stacking $BTC, but actually strategy just showed how fast that narrative can flip.
this is the kind of setup that catches traders off guard. you see a name tied to bitcoin, assume every move is bullish, and then realize they raised $3.28b in august without putting a dollar into bitcoin. that leaves people fomoing into the wrong read and missing the real signal.
strategy now sits on about $6.69b in usd, which is a lot of dry powder if they decide to buy again. but the bigger case study is that they haven’t bought bitcoin since june 22 and have actually sold 6,916 $BTC since then, including 3,328 $BTC in august. meanwhile $BTC is back above $79k, above strategy’s average cost of $75,385, so the pressure point is obvious for $MSTR holders and $BTC traders alike.
the lesson is simple. don’t confuse balance sheet flexibility with active buying, ser. what do you think happens if they finally deploy that $6.69b?
#bitcoin #btc #mstr
this is the kind of setup that catches traders off guard. you see a name tied to bitcoin, assume every move is bullish, and then realize they raised $3.28b in august without putting a dollar into bitcoin. that leaves people fomoing into the wrong read and missing the real signal.
strategy now sits on about $6.69b in usd, which is a lot of dry powder if they decide to buy again. but the bigger case study is that they haven’t bought bitcoin since june 22 and have actually sold 6,916 $BTC since then, including 3,328 $BTC in august. meanwhile $BTC is back above $79k, above strategy’s average cost of $75,385, so the pressure point is obvious for $MSTR holders and $BTC traders alike.
the lesson is simple. don’t confuse balance sheet flexibility with active buying, ser. what do you think happens if they finally deploy that $6.69b?
#bitcoin #btc #mstr
