Strategy has just sold 3,588 BTC and sat on a pile of cash worth $3 billion—the clearest defensive move from this big player since it began accumulating.
They haven’t bought anything since June 22; instead, they’ve sold off $216 million to build a reserve fund. Enough to cover dividends and bond interest over the next 20 months—signaling they are preparing for a prolonged bearish market scenario. This isn’t a panic sell, but proactive liquidity management.
If Bitcoin follows a 4-year cycle, the bottom could fall as early as October this year. Strategy’s clear intent is to defend against that scenario.
Personal view: Even the largest holders are being cautious. This is not the time for FOMO or expecting a hot run-up. The priority is capital preservation and tight risk management.
Watching their buyback activity is the real signal. For now, let the cash do the work for you.
DYOR.
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