Strategy Builds $1.4 Billion Cash Reserve as Bitcoin Purchases Slow

CryptoQuant’s analysis reveals Strategy, a major player in the crypto industry, is shifting its focus. The company has significantly reduced its Bitcoin purchases, from 134,000 BTC at the start of 2024 to only 135 BTC recently. This strategic maneuver allows them to accumulate $1.44 billion in cash reserves, positioning them for potential market fluctuations. Experts suggest this move signals a preparation for an impending bear market and its impact on Bitcoin’s market sentiment.