The Bitcoin-hoarding giant with $70 billion in total holdings bought just $21 million last week
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In a nutshell: Strategy, the world’s largest publicly traded Bitcoin holder, continued adding to its Bitcoin holdings last week—but spent just over $21 million. Compared with its roughly $70 billion in total holdings, that amount is almost negligible. 🐋
That’s where the contrast lies. Over the past few years, the company poured nearly all the money it raised into Bitcoin, routinely buying hundreds of millions or even billions of dollars’ worth in a single week. The market saw it as one of the most dependable institutional buyers. Now, its weekly purchases are down to just $21 million—about 0.03% of its total holdings. The roar has suddenly quieted.
And it’s not the only sign. On the very same day, reports said Strategy spent $192 million to buy back its own preferred stock. On one hand, its Bitcoin purchases have nearly ground to a halt; on the other, it’s spending money to support its own stock price. The priorities for its capital have clearly shifted. ⚖️
Today’s market action makes it easier to understand why it’s pulling back. Bitcoin is trading at around $81,386, down 3.03% over 24 hours. Ethereum is at $2,420, down 4.91%; SOL is at $102.96, down 7.85%; and XRP is at $1.32, down 6.32%. Major cryptocurrencies are all retreating, oil prices are climbing, and a wave of external news is weighing on risk assets.
My take: institutional buying was never an endless engine. It also depends on financing costs and the company’s own share price. When a Bitcoin-hoarding company starts spending money on buybacks instead of continuing to buy coins, it shows that even the company itself is weighing cash against conviction—which matters more? The big buyer the market had grown used to counting on is becoming more cautious. 🦖
More importantly, Strategy has long been a psychological anchor for many retail and institutional investors. When it slows down, everyone has to run the numbers again. If even the most committed bulls are pulling back, who will ultimately absorb all that selling pressure?
The number to watch is $21 million. Will it keep shrinking, or even fall to zero? If next week brings no additional purchases, that will be the real warning sign.
What do you think? Is Strategy slowing its purchases while waiting for lower prices, or has it run out of buying power? Share your thoughts in the comments. 👀
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Every day, we bring you the latest Bitcoin trends—not just what’s happening, but the logic and opportunities behind the headlines. 👀🚀
🔭 进群看资金去哪
In a nutshell: Strategy, the world’s largest publicly traded Bitcoin holder, continued adding to its Bitcoin holdings last week—but spent just over $21 million. Compared with its roughly $70 billion in total holdings, that amount is almost negligible. 🐋
That’s where the contrast lies. Over the past few years, the company poured nearly all the money it raised into Bitcoin, routinely buying hundreds of millions or even billions of dollars’ worth in a single week. The market saw it as one of the most dependable institutional buyers. Now, its weekly purchases are down to just $21 million—about 0.03% of its total holdings. The roar has suddenly quieted.
And it’s not the only sign. On the very same day, reports said Strategy spent $192 million to buy back its own preferred stock. On one hand, its Bitcoin purchases have nearly ground to a halt; on the other, it’s spending money to support its own stock price. The priorities for its capital have clearly shifted. ⚖️
Today’s market action makes it easier to understand why it’s pulling back. Bitcoin is trading at around $81,386, down 3.03% over 24 hours. Ethereum is at $2,420, down 4.91%; SOL is at $102.96, down 7.85%; and XRP is at $1.32, down 6.32%. Major cryptocurrencies are all retreating, oil prices are climbing, and a wave of external news is weighing on risk assets.
My take: institutional buying was never an endless engine. It also depends on financing costs and the company’s own share price. When a Bitcoin-hoarding company starts spending money on buybacks instead of continuing to buy coins, it shows that even the company itself is weighing cash against conviction—which matters more? The big buyer the market had grown used to counting on is becoming more cautious. 🦖
More importantly, Strategy has long been a psychological anchor for many retail and institutional investors. When it slows down, everyone has to run the numbers again. If even the most committed bulls are pulling back, who will ultimately absorb all that selling pressure?
The number to watch is $21 million. Will it keep shrinking, or even fall to zero? If next week brings no additional purchases, that will be the real warning sign.
What do you think? Is Strategy slowing its purchases while waiting for lower prices, or has it run out of buying power? Share your thoughts in the comments. 👀
Tap the profile picture to watch the livestream
Every day, we bring you the latest Bitcoin trends—not just what’s happening, but the logic and opportunities behind the headlines. 👀🚀