When Saylor stops buying, it gets quiet for a reason. Raising cash and selling shares while Bitcoin is down says nerves, not confidence. This is about protecting the balance sheet before the next wave hits. If the biggest bull is pausing, everyone else should be paying attention.
Bitcoin-treasury Strategy Boosts Cash Reserve to $2.19 Billion, Pauses BTC Buying
Billionaire Bitcoin advocate Michael Saylor’s company, Strategy Inc., increased its U.S. dollar reserves by $748 million last week, lifting total cash liquidity to $2.19 billion, according to a regulatory filing released today.
The update confirms that the company continues to hold 671,268 bitcoin, leaving its total BTC position unchanged during the reporting period from Dec. 15 to Dec. 21.
Strategy remains the largest corporate holder of bitcoin, with an aggregate purchase price of roughly $50.33 billion.The increase in cash stems from sales conducted under the company’s at-the-market equity offering program.