CryptoQuant Urges Strategy to Halt Bitcoin Buying, Rebuild Dollar Cash Buffer
Updated
Updated · Bloomberg · Jun 24
CryptoQuant Urges Strategy to Halt Bitcoin Buying, Rebuild Dollar Cash Buffer
3 articles · Updated · Bloomberg · Jun 24
Summary
Julio Moreno, CryptoQuant’s head of research, said Strategy should stop buying Bitcoin if it wants to restore confidence in its shares.
Moreno argued the company’s priority should be rebuilding its dollar cash buffer rather than deploying available capital into more BTC purchases.
He said Strategy needs a more systematic, fundamentals-driven approach to timing Bitcoin buys instead of continuing purchases whenever funding is available.