Strategy Inc.'s Bitcoin Buying Spree Sparks Calls for Caution

Strategy Inc., led by Michael Saylor, has been aggressively buying Bitcoin as part of its strategy. However, according to Julio Moreno, head of research at CryptoQuant, this approach may not be the best way forward.

Moreno argues that Strategy should prioritize restoring its dollar cash buffer rather than continuously purchasing Bitcoin whenever capital is available. He believes that a more systematic and fundamentals-driven approach to timing Bitcoin purchases would be more effective in regaining market confidence.

Saylor's strategy has been buying Bitcoin consistently, but it may be causing some investors to lose faith in the company's shares. Moreno's recommendation comes as Strategy continues to invest heavily in Bitcoin, with no clear signs of slowing down.