šØ Strategy hasnāt sold a single Bitcoin in two weeks, yet quietly raised $2.35 billionāIs the worldās largest BTC holder about to āchange its faceā?
Group: ē¹å»čæå „ēēēē²äøē¾¤
According to Bitfinexās latest report: From late May to early August, Strategy cumulatively sold 6,948 BTC, raising about $432.5 million. But in the past two weeks, it has completely stopped. Pausing the sell-off instead dispelled the cloud of sentiment that had been weighing on the market for three monthsāturns out the fear of āwhale dumpingā was more damaging than the actual selling volume.
Making it concrete: The real ammunition came from issuing more equity. From August 17 to 23, Strategy raised net proceeds of $2.01 billion by issuing about 18.26 million shares of MSTR stockāsix times the amount from the previous week. Combined with the prior weekās $334 million, the two-week total was about $2.35 billion, yet not a cent was used to buy BTC. Where the money went: $136 million to repurchase preferred shares, cash reserves increased to $5.1 billion, and a newly set up cash account of about $1.59 billionātotal reserves of roughly $6.69 billion.
Cross-analysis: This is a shift in the āfunding methodāāfrom selling coins for cash to issuing shares for cash. BTC holdings remain stable at around 840,000 coins, unmoved, suggesting management is holding the ācardsā tighter. By using equity dilution for cash flow, it protects the coin-denominated position.
Whatās truly worth watching is the signal: The worldās largest institutional holder has gone two consecutive weeks with zero selling, and the marketās biggest structural sell pressure has temporarily disappeared. If it resumes accumulating afterward, it will be a fresh catalyst for sentiment.
Cold water: Equity issuance will dilute the amount of BTC per share. If BTC falls back into the $60,000 range, the financing window will narrow and selling pressure could return.
š The whales stop selling and keep issuing stockādo you think this is bullish, or a disguised extraction of value? Drop your thoughts.
Click the profile picture to watch the livestream, and join the Jiujiu chat group to get daily strategies š
#ęÆē¹åø #Strategy #ęŗęęä» #MSTR #Cryptocurrency market
Group: ē¹å»čæå „ēēēē²äøē¾¤
According to Bitfinexās latest report: From late May to early August, Strategy cumulatively sold 6,948 BTC, raising about $432.5 million. But in the past two weeks, it has completely stopped. Pausing the sell-off instead dispelled the cloud of sentiment that had been weighing on the market for three monthsāturns out the fear of āwhale dumpingā was more damaging than the actual selling volume.
Making it concrete: The real ammunition came from issuing more equity. From August 17 to 23, Strategy raised net proceeds of $2.01 billion by issuing about 18.26 million shares of MSTR stockāsix times the amount from the previous week. Combined with the prior weekās $334 million, the two-week total was about $2.35 billion, yet not a cent was used to buy BTC. Where the money went: $136 million to repurchase preferred shares, cash reserves increased to $5.1 billion, and a newly set up cash account of about $1.59 billionātotal reserves of roughly $6.69 billion.
Cross-analysis: This is a shift in the āfunding methodāāfrom selling coins for cash to issuing shares for cash. BTC holdings remain stable at around 840,000 coins, unmoved, suggesting management is holding the ācardsā tighter. By using equity dilution for cash flow, it protects the coin-denominated position.
Whatās truly worth watching is the signal: The worldās largest institutional holder has gone two consecutive weeks with zero selling, and the marketās biggest structural sell pressure has temporarily disappeared. If it resumes accumulating afterward, it will be a fresh catalyst for sentiment.
Cold water: Equity issuance will dilute the amount of BTC per share. If BTC falls back into the $60,000 range, the financing window will narrow and selling pressure could return.
š The whales stop selling and keep issuing stockādo you think this is bullish, or a disguised extraction of value? Drop your thoughts.
Click the profile picture to watch the livestream, and join the Jiujiu chat group to get daily strategies š
#ęÆē¹åø #Strategy #ęŗęęä» #MSTR #Cryptocurrency market
