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Michael Saylor is signaling that Strategy (MicroStrategy) is ready to resume Bitcoin accumulation, citing covered debt obligations and its STRC preferred trading back near par. The mechanism matters more than the message: Strategy funds purchases through equity and preferred issuance, so STRC near par and a restored mNAV premium are what reopen the capital tap and return the largest corporate marginal bid to spot BTC. Confirmation requires the weekly 8-K purchase disclosures and fresh ATM or preferred issuance; without them, this remains a sentiment signal rather than a flow event, and a renewed mNAV discount would stall it again.
As a Crypto signal, watch whether it changes price action, volatility, or flows around MSTR, BTC.
Original Source: BeInCrypto
This page is market information analysis, not investment advice.
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