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Jak Crypto
🚨 The "$5B Strategy BTC overhang" may be getting overstated.
That headline combines several items:
• A reserve allocation
• The then-current $1.76B annual cash obligation
• Two optional buyback authorizations
Not all of these translate into immediate Bitcoin selling pressure.
As of July 26, Strategy reportedly held $3.75B in USD, enough to cover roughly 2.1 years of then-current preferred dividends and interest.
During July 20–26:
📈 Raised $525M through MSTR ATM proceeds, adding to cash reserves.
🔄 Spent just $25M on STRC buybacks.
The real risk would emerge only if Strategy began consistently selling BTC while reserve coverage deteriorated.
Until that changes, the idea of a guaranteed $5B BTC selling overhang remains a relatively weak bearish argument.
Markets should focus on actual treasury actions—not just headline-sized numbers.
$BTC $ETH $BEAT
#30YYieldAt19YHigh #SpaceXUnlockLooms #EarningsWeekAhead
