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COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA · CRYPTO ·

Michael Saylor should halt Strategy's bitcoin buys, says CryptoQuant

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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.
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CryptoQuant advises Michael Saylor's Strategy to halt its Bitcoin acquisitions. The analysis reveals Strategy's cash reserves have critically thinned, dropping from seven years of coverage to only 14 months. Furthermore, ill-timed Bitcoin purchases at market peaks have resulted…

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Market Samachar is a news aggregator. This article was originally published by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data. Tap the button above to read the full story on their site.

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