Exchanges· ★★★· bearish·

Peter Schiff Says Strategy Has Lost Its Bitcoin-Buying Power

  • —STRC trades near $99.4 after sinking to about $75 earlier this year
  • —Strategy has not sold STRC since May; remaining capacity stuck at $17.51 billion
  • —Since May, BTC purchases have been funded by MSTR common stock sales
  • —Strategy held a $5.02 billion USD reserve as of September 27
Why it matters: If Strategy runs out of funding channels, the largest corporate Bitcoin holder could slow accumulation, removing a key source of market demand.
#BTC#MSTR
Source: BeInCrypto
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