Strategy Shares Crash Below $100 as Bitcoin Sinks Towards $60K
Bitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
Cointelegraph·
As Strategy's cash reserves are now enough to only pay 14 months of dividends from the previous seven-year level, CryptoQuant said that the company should pause Bitcoin purchases and rebuild the reserves.
Read full articleBitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
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Strategy’s dividend coverage dropped from over seven years to only 14 months. CryptoQuant says rebuilding cash reserves may outweigh further Bitcoin purchases. STRC weakness and rising obligations are increasing pressure on Strategy’s model. CryptoQuant has warned that Strategy may need to halt its aggressive Bitcoin acquisition program as growing dividend obligations and shrinking cash reserves […] The post Strategy May Need to Pause Bitcoin Purchases, CryptoQuant Warns appeared first on Live Bitcoin News.