CryptoQuant Urges Strategy Inc. to Halt Bitcoin Purchases and Prioritize Cash Reserves

BTC-2.45%
According to CryptoQuant research head Julio Moreno, Strategy Inc. should stop its continuous Bitcoin purchases and instead focus on restoring dollar cash reserves. Moreno stated in a research report that the company needs to adopt a more systematic, fundamentals-based approach to determine when to buy Bitcoin. He noted that buying at market cycle peaks and accumulating Bitcoin during bear markets has caused the company's unrealized losses to expand rapidly while the basic fundamentals of its preferred stock STRC have deteriorated.
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