#strategybuys267btc STRATEGY BOUGHT 267 BTC. BUT IS THAT THE REAL STORY? Last week I asked what a big institution does when it wants more BTC. Here is a real one. Strategy holds 848,517 BTC and bought only 267. Facts from the filing: → 267 BTC for $22.1M, average price $82,900 → Total: 848,517 BTC, average cost $75,446 → It spent $193.1M to buy back its own preferred shares (STRC), about 9 times more than on BTC → The BTC purchase was paid mostly by selling MSTR shares, plus $100K in cash → The buyback program was raised from $2B to $3B 267 BTC is about 0.03% of what it holds. That is not a supply squeeze, and it is not a price floor. The chain: STOCK SALES, small BTC purchase, big buyback of old shares The farmer bought one small bag of seed, but spent nine times more to clear an old debt. The seed bag is not the story. The debt is. What I CAN do: Read the filing, watch the $81,000 to $80,000 support, keep my size small and my stop beyond the crowd's number. What I CANNOT do: Know why the company chose this. Say that one weekly purchase moves the price. Know if the buyback is strength or pressure. Market view (snapshot, UTC 20 Oct about 10:00): $BTC about $81,500 to $82,000: Bearish Gold about $4,120: Bearish Oil (Brent) about $110: Bullish Silver about $57: Bearish Is the buyback a sign of strength, or a sign of pressure? Tell me why. Follow me, Abdul S Crypto Research, for true voice. $BTC $ETH $BNB #StrategyBuys267BTC #Bitcoin #RiskManagement #DYOR