Strategy bought 34,164 BTC in the week of April 20; only 535 BTC purchased from May 5-11 — a 98% reduction in four weeks.


It's not because BTC is expensive: average price $75,540, current price about $79,500, unrealized gains of 5.2%.
It's because the capital structure has changed: ATM issuance + STRC preferred stock dividends, diluting the rate that has started to surpass the buying rate.
More importantly: in the May 5 financial report, the CEO publicly disclosed the selling conditions for the first time —
① When STRC dividend funds are insufficient
② When tax hedging is needed
③ When selling is better than issuing new shares
The strong bulls are not turning bearish; they are beginning to carefully plan their exit.
Slowing down on buying is the first chapter, and quantifying the selling conditions is the real signal. #Gate广场五月交易分享 $BTC
BTC0.89%
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