CryptoQuant says Michael Saylor's Strategy should halt its bitcoin buying (opens original article in a new tab)

CryptoQuant advises Strategy to pause bitcoin purchases and rebuild cash reserves, citing overextension and declining financial metrics.

• CryptoQuant warns Strategy has overextended by aggressively buying bitcoin and urges halting purchases to rebuild cash reserves
• STRC preferred stock dropped 17.5% below $100 par as dividend obligations nearly quadrupled to $1.2 billion and cash reserves fell 38% this year
• CryptoQuant recommends restoring reserves to $2.8 billion before resuming systematic bitcoin accumulation