CryptoQuant says the cash cushion behind Strategy's STRC has thinned from seven years of coverage to 14 months, and buying BTC at cycle tops has left the company with a $10.6 billion paper loss.
CryptoQuant advises MicroStrategy to halt its Bitcoin buying strategy. The analytics firm notes that MicroStrategy's cash reserves, backing its STRC holdings, have significantly dwindled from seven years of coverage to just 14 months. This strategy of acquiring Bitcoin at market…
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