CryptoQuant's advice is quite practical.


Strategy is under so much dividend pressure right now, so it's better to slow down the accumulation rhythm first,
and focus on stabilizing cash flow—that's the real priority.
Don't let the bull market arrive before you blow up your leverage.
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CoinNetwork
CoinWorld News reports that on-chain data analytics firm CryptoQuant recommends that Strategy pause its Bitcoin accumulation and prioritize rebuilding cash reserves. CryptoQuant’s research director, Julio Moreno, noted that as Strategy continues to issue STRC preferred shares for ongoing Bitcoin purchases, its annual dividend obligation has risen from about $300 million at the beginning of the year to approximately $1.2 billion, while cash reserves have fallen by 38% over the same period. The STRC dividend coverage period has also decreased from more than 7 years to about 14 months. Moreno believes Strategy should suspend buying Bitcoin until it restores its cash reserves and dividend coverage capacity, and establish a more systematic mechanism for purchasing Bitcoin. In addition, he advised the company to moderately sell part of its Bitcoin holdings during the next bull market to realize returns, reduce leverage, and replenish its cash reserves.
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