Strategy (formerly MicroStrategy), which holds 843,775 BTC, is experiencing its longest streak without buying bitcoin in years, with five consecutive weeks of inactivity. CEO Phong Le announced a new corporate objective: getting its preferred stock STRC to trade at $99-$100, shifting focus away from increasing BTC per share. Analyst Crypto Kaleo strongly criticized this pivot, calling the company a credit firm rather than a BTC company, and stating that common shareholders are getting the short end of the stick. Strategy now plans to sell up to $5 billion in bitcoin to fund USD reserves, dividend payments, and stock repurchases, as STRC struggles to return to its $100 par price.
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