Strategy's USD Reserves Rise to ~$3 Billion, Still Needs to Establish a Systematic Bitcoin Buying and Selling Framework

Odaily reported that Julio Moreno, Head of Research at CryptoQuant, stated that Strategy's newly launched Digital Credit Capital Framework has largely resolved the company's short-term liquidity issues, but it still needs to establish a more disciplined mechanism for buying and selling Bitcoin. CryptoQuant noted that since the announcement of the new framework, Strategy has sold 3,588 BTC (approximately $216 million) to replenish its USD reserves and raised $467 million through the sale of MSTR stock. This has increased its USD reserves from $1.44 billion to approximately $3 billion, and extended the preferred stock dividend coverage period from around 14 months to 29 months. As of now, Strategy's Bitcoin holdings remain unchanged at 843,800 BTC. CryptoQuant believes that Strategy has not yet resolved two key issues: when to resume buying Bitcoin and how to sell a portion of its Bitcoin holdings in the next bull market.