Julio Moreno: Strategy needs to establish a systematic discipline for buying and selling Bitcoin

CryptoQuant research director Julio Moreno stated that Strategy has improved short-term liquidity through a digital credit capital framework, but still needs to establish a systematic Bitcoin buying and selling mechanism. Strategy has sold 3588 BTC for $216 million and raised $466.7 million through the sale of MSTR stock. Its US dollar reserves have increased from $1.44 billion to approximately $3 billion, and the preferred stock dividend coverage period has been extended to 29 months. At present, Strategy holds 843775 BTC, but has not yet established a valuation based position building model and periodic position reduction strategy.