‘Stop Buying Bitcoin’: Strategy Needs More Cash Fast, Analyst Says as STRC Hits New Low
In brief Strategy should immediately end its Bitcoin-buying spree and focus purely on shoring up cash, according to CryptoQuant Analyst Julio Moreno. He argued that the company’s lack of available cash is compounding pressure on Stretch (STRC), which fell to record lows on Wednesday. Strategy’s so-called USD Reserve should be rebuilt to provide the company…