Strategy (MSTR) continues halting preferred stock buybacks AND $BTC purchases.
This is a major shift. They've been the most aggressive corporate buyer for months. Either:
1. Balance sheet pressure from recent debt raises
2. Waiting for better entry (unlikely given their DCA approach)
3. Regulatory/compliance pause
Watch their next earnings call. If Saylor's conviction hasn't changed, this is temporary. If it has... that's a different story.
Corporate bid removal = less structural support for $BTC in the short term.
This is a major shift. They've been the most aggressive corporate buyer for months. Either:
1. Balance sheet pressure from recent debt raises
2. Waiting for better entry (unlikely given their DCA approach)
3. Regulatory/compliance pause
Watch their next earnings call. If Saylor's conviction hasn't changed, this is temporary. If it has... that's a different story.
Corporate bid removal = less structural support for $BTC in the short term.