Publicar

The core story is real, but a few numbers in the post need updating. Recent reporting says Strategy sold 1,690 BTC for about $109M in the latest week, following another sale, bringing the four-week total to about 6,916 BTC / $429M. Its USD reserve was reported at roughly $4.65B, not $4.75B. More importantly, CEO Phong Le has said Strategy expects to resume Bitcoin purchases later in 2026. So the interesting interpretation isn't necessarily “Strategy is bearish on BTC.” It's more like: Strategy is temporarily prioritizing liquidity and its preferred-stock obligations while keeping the ability to buy BTC later. That matters because a return to buying would create another potentially significant source of institutional demand. But I wouldn't assume that a future Strategy purchase automatically means a BTC mega-rally—the size, funding method, and market conditions will matter. The real question: Is this accumulation pause a sign of caution, or is Strategy simply building the cash ammunition needed for its next BTC-buying cycle? 👀