According to external sources, Julio Moreno, a CryptoQuant analyst, believed that Strategy ' s best thing at the moment was not to continue buying bitcoin, but to replenish it first. As its preferred share of STRC fell to a new low, the company ' s cash buffer was considered insufficient to cover the rising subred pressure.
STRC Down to New Low
STRC dropped to $7.85 on Wednesday, at a new low. The product had an annualized dividends of 11.5 per cent, but it had been difficult to get on the $100 face value for the past month.
Bitcoin also weakened during the same period, falling to US$ 59,175 in the disk and then rising to around US$ 59,632.
Cash reserves are considered tight
Moreno noted that Strategy had set aside $2.2 billion for debt and dividends at the beginning of the year, but that the buffer had been significantly reduced when the repurchase portion was reversible.
He claims that the company ' s red-red coverage period fell from more than seven years at the beginning of 2026 to about 14 months.
The outside world is beginning to question the currency rhythm.
Strategy disclosed 32 bitcoin sold this month and cashed $2.5 million. Despite their small size and prior disclosure, they have given rise to debate in the market about their viability.
The company ' s most recent disclosure was that it held 847,363 bitcoin, with a market value of approximately $50 billion at Wednesday ' s prices and a continued deficit of approximately $13 billion.