STRATEGY WATCH 🚨
Strategy has gone 8 straight weeks without buying Bitcoin. Last week it sold $333.7M in stock but bought zero BTC, sitting on roughly a $10B unrealized loss.
So will Strategy hold 700k or fewer BTC before September?
The market's bullish: only 5% Yes.
🚨 BREAKING: Michael Saylor has stopped buying Bitcoin.
Strategy has now gone 8 straight weeks without a BTC purchase.
Last week, it sold $333.7M worth of its own stock, but bought ZERO Bitcoin with it. The cash went toward dividends, buying back preferred shares and building cash reserves.
Meanwhile:
• Strategy is sitting on roughly a $10B Bitcoin loss
• Annual interest + preferred dividends: $1.72B
For years, the strategy was simple: sell MSTR shares > buy more Bitcoin.
Has that machine finally stopped working?