Strategy Inc. (NASDAQ:MSTR) is up 5% on Friday as the stock makes its third attempt at the $105 resistance level that has rejected every prior rally since July.
Why Strategy Stopped Buying Bitcoin And Started Selling It
Options analytics firm SpotGamma broke down the shift in a Thursday report on X.
Strategy’s model was simple for years. The company raised cheap money from Wall Street by offering investors a chance to profit if MSTR stock shot up.
It used that money to buy Bitcoin (CRYPTO: BTC), Bitcoin pushed MSTR higher, and the cycle kept feeding itself.
