CryptoQuant Analysts Recommend Strategy Suspend Bitcoin Purchases, Restore USD Reserves
CryptoQuant analysts advise Strategy to halt bitcoin buying and rebuild US dollar cash reserves following a sharp decline in STRC dividend coverage.
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CryptoQuant analysts have recommended that Strategy suspend its bitcoin purchases and instead restore its US dollar cash reserves. The advice follows a sharp decline in dividend coverage for STRC, according to the analysts. The recommendation implies a shift in capital allocation priorities amid reduced dividend sustainability. No additional details were provided in the report.
Source: ForkLog