Strategy didn't sell their $2B $MSTR position to rotate into $BTC.
Instead they're sitting on $1.59B cash.
Interesting move considering $MSTR is basically leveraged $BTC exposure. Either they're waiting for a better entry or they see more alpha in liquid cash right now.
Could be positioning for:
• Upcoming macro volatility
• Better BTC entry sub-80k
• Alt opportunities if BTC dominance breaks
Keep an eye on where that cash flows next. When whales hold cash, they're usually waiting for blood.
Instead they're sitting on $1.59B cash.
Interesting move considering $MSTR is basically leveraged $BTC exposure. Either they're waiting for a better entry or they see more alpha in liquid cash right now.
Could be positioning for:
• Upcoming macro volatility
• Better BTC entry sub-80k
• Alt opportunities if BTC dominance breaks
Keep an eye on where that cash flows next. When whales hold cash, they're usually waiting for blood.