CryptoQuant Analyst Says Strategy Must Stop Buying Bitcoin and Build Cash Reserves

CryptoQuant's head of research urged Strategy to halt Bitcoin purchases and focus on rebuilding cash reserves as its STRC preferred stock hit a record low of $79.85. Dividend coverage has collapsed from 7 years to just 14 months.

• STRC preferred stock fell to a record low of $79.85, well below its $100 par value
• Dividend coverage collapsed from over 7 years at the start of 2026 to just 14 months
• CryptoQuant analyst Julio Moreno says Strategy needs at least 24 months of cash reserves
• Strategy sold 32 BTC for $2.5 million this month, raising questions about its strategy
• JPMorgan previously warned that Strategy's fate is now tied to the US dollar

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Last updated 25 Jun 2026