$BTC news: Strategy (Saylor's company) bought ZERO Bitcoin last week. Here's what that means 📰
The facts (week of Oct 19 to 25):
• No Bitcoin bought, none sold
• No new shares sold through its at-the-market program
• Holdings: about 848,517 Bitcoin
• Average cost: roughly 75,446 dollars per coin
• Instead, it spent 204.9M dollars buying back its own STRC preferred shares
Why it matters:
• Strategy has been one of the biggest steady buyers of
$BTC for years. A pause removes a source of demand
• With price near 80,000, their stack is only about 6% above cost
• No reason for the pause was given
Price context: Bitcoin dipped to 79,494 today and is holding near 80,700. The 79,200 to 79,500 floor is the level the market is defending.
Is a Strategy pause bearish for
$BTC or just noise? 👇
NFA
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