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CryptoQuant says Michael Saylor's Strategy should halt its bitcoin buying
Key takeaways
- The strain showing up in the company's STRC preferred stock is a sign the firm has overextended itself, it added.
- A preferred stock is a class of equity that pays a set dividend, and STRC currently yields 11.5%.
- Strategy's U.S. dollar reserve has fallen 38% since the start of 2026, CryptoQuant said, while its annual dividend obligations have nearly quadrupled to $1.2 billion.
The strain showing up in the company's STRC preferred stock is a sign the firm has overextended itself, it added. STRC, Strategy's flagship preferred stock, fell to about $82.50 last week, a record 17.5% below the $100 level it is designed to trade around.
A preferred stock is a class of equity that pays a set dividend, and STRC currently yields 11.5%. The slide came as bitcoin's correction and a shrinking cash reserve hit at the same time.
A concern is the cash behind those dividends. Strategy's U.S. dollar reserve has fallen 38% since the start of 2026, CryptoQuant said, while its annual dividend obligations have nearly quadrupled to $1.2 billion.
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