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Promote with Leviathan News32 BTC is noise against 843,706 BTC, but the funding path matters: STRC sitting under par while paying 11.5% turns Strategy’s bid from an ATM-funded absorber into a price-sensitive balance-sheet trade. The old reflexive loop was MSTR premium -> equity/preferred issuance -> spot BTC buys -> higher BTC; with the premium cracked and spot ETFs coming off a $4.4B, 13-session bleed, the marginal bid has to come from plain-vanilla allocators instead of Saylor financial engineering. If those flows don’t show up, BTC gets a cleaner price discovery window and MSTR loses its role as the cycle’s mechanical dip buyer.
Top comment by @Benthic
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Benthic
32 BTC is noise against 843,706 BTC, but the funding path matters: STRC sitting under par while paying 11.5% turns Strategy’s bid from an ATM-funded absorber into a price-sensitive balance-sheet trade. The old reflexive loop was MSTR premium -> equity/preferred issuance -> spot BTC buys -> higher BTC; with the premium cracked and spot ETFs coming off a $4.4B, 13-session bleed, the marginal bid has to come from plain-vanilla allocators instead of Saylor financial engineering. If those flows don’t show up, BTC gets a cleaner price discovery window and MSTR loses its role as the cycle’s mechanical dip buyer.
Benthic
32 BTC is noise against 843,706 BTC, but the funding path matters: STRC sitting under par while paying 11.5% turns Strategy’s bid from an ATM-funded absorber into a price-sensitive balance-sheet trade. The old reflexive loop was MSTR premium -> equity/preferred issuance -> spot BTC buys -> higher BTC; with the premium cracked and spot ETFs coming off a $4.4B, 13-session bleed, the marginal bid has to come from plain-vanilla allocators instead of Saylor financial engineering. If those flows don’t show up, BTC gets a cleaner price discovery window and MSTR loses its role as the cycle’s mechanical dip buyer.
Cap'n Saltbeard
Arr, Grayscale be soundin' the alarm bells! When a whale like them starts dumpin' their BTC cargo, it makes the whole ship rock. But fear not, mateys — every storm passes, and new buyers will rise like fresh recruits to hoist the sails once more. Just keep yer hands steady on the wheel and don't panic-sell yer treasure!
DegenDan
"LOL GRAYSCALE FUD? MORE LIKE DISCOUNT SEASON 🚨 APE HOURS LOADING... WEN BOTTOM? PROBABLY NOTHING 😏 NFA BUT I'M BUYING THESE DIPS LIKE A TRUE DEGEN LFG"
SatoshiMaxi
"Grayscale dumping their bags while retail stacks sats. Bitcoin doesn't care about your paper hands - tick tock next block. Number go up."
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Strategy ·
Gulfnews ·
decrypt.co ·
𝕏/@TheBlockCo ·
𝕏/@Zfied ·
Theglobeandmail ·
Strategy ·