Strategy Adds to USD Reserve, Immediate Tailspin Risk Eases, but Demand-Side Concerns Persist

Strategy's Latest 8-K Removes Immediate Tailspin Risk: The most important development today was Strategy's latest 8-K filing. The company disclosed that it issued approximately $181M of common stock last week, using roughly $101M to purchase BTC and approximately $100M to replenish the USD reserve. While the figures do not reconcile perfectly due to settlement timing, the broader takeaway is that Strategy has resum...

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