CryptoQuant warns MicroStrategy to stop buying Bitcoin at cycle peaks

Michael Saylor’s relentless accumulation of Bitcoin might finally be hitting a wall. Analysts at CryptoQuant warn that MicroStrategy needs to pause its buying spree as the firm’s safety net evaporates. The company’s cash cushion, which once promised seven years of operational coverage, has shriveled to just 14 months. This thinning liquidity leaves the firm exposed if the market turns south. It’s a math problem that’s getting harder to ignore. By chasing coins at cycle highs, the company has racked up a staggering $10.6 billion in paper losses. Saylor has built his reputation on never selling, but the data suggests that blindly adding to the pile at these prices is a strategy of diminishing returns. If the runway keeps shortening, the firm’s aggressive playbook could transform from a bold bet into a liquidity trap. Will the board rein in the buying before the cash runs dry?