📰 #news : Strategy just bought more $BTC
🏦 1,036 BTC for $81.9M (avg $79,012), per its SEC filing on Nov 9
📦 Total: 850,364 BTC, over 4% of Bitcoin's max supply
⚠️ But BTC (~$74,600) now trades BELOW Strategy's average cost of $75,456 📉
💸 Plot twist: it spent $188.3M buying back its own STRC shares, over twice the BTC spend.
🐻 My view: CAUTIOUSLY BEARISH. Corporate buying lifts sentiment, not a price floor. A reclaim of $75,456 changes my mind 🐂
💬 Is Saylor's buying a floor or a #trap ? Comment below 👇
#CPITestsDecemberRateOutlook
🏦 1,036 BTC for $81.9M (avg $79,012), per its SEC filing on Nov 9
📦 Total: 850,364 BTC, over 4% of Bitcoin's max supply
⚠️ But BTC (~$74,600) now trades BELOW Strategy's average cost of $75,456 📉
💸 Plot twist: it spent $188.3M buying back its own STRC shares, over twice the BTC spend.
🐻 My view: CAUTIOUSLY BEARISH. Corporate buying lifts sentiment, not a price floor. A reclaim of $75,456 changes my mind 🐂
💬 Is Saylor's buying a floor or a #trap ? Comment below 👇
#CPITestsDecemberRateOutlook