CRYPTO
Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
My take is $STRC is interesting here. Near $0.913, it just had a big spend on buybacks, which usually signals confidence. The institutional money flowing into $STRC while passing on $BTC? Seems like they see more potential in short-term play or specific use cases for STRC rather than the king coin right now.
But the risk is always liquidity. If this big move doesn't translate into consistent buying pressure, $STRC could easily reverse. Compare it to $ETH, which is holding much stronger around $2.3k – shows how different the vibes can be, even within the same sector.
Chopper says · 02:00 UTC