10 Aug, 12:58

STRC expected to hold $95 support and move higher

Bullish+3.65%

AI Summary

The author views Strategy's plan to sell BTC and use USD reserves to support STRC buybacks as positive news, expecting STRC to hold the $95 level and move higher.

We should treat Strategy selling BTC to increase USD reserves and buyback STRC as good news imo. Selling BTC is inevitable like I always said. The old version of STRC has a serious flaw and they need to rebuild trust by making sure STRC holders are going to be just fine. And now the USD reserve is near $5B which is large enough to pay all related parties for a long time and STRC is at $95, and I expect Strategy to fight the selling pressure (STRC) and hold this line to keep the trust. Overhang is gone. So right now we're... going up?

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