CryptoQuant urges Strategy to pause bitcoin buying as BTC trades around $62,000
Bitcoin is trading around $62,000 with little movement, but the stability masks a deeper structural concern. CryptoQuant has urged Strategy, the Michael Saylor-led corporate bitcoin buyer, to halt BTC accumulation and rebuild cash reserves before pressure around its preferred stock escalates. The recommendation comes as Strategy’s preferred stock trades at a steep discount and its dividend burden has risen sharply, according to CryptoQuant.