MSTR Goes Quiet on Bitcoin Buying Program

Strategy (MSTR), a well-known accumulator of Bitcoin, has gone quiet on its buying program. According to Newsquawk, there were no purchases or sales from September 8th-13th.

This is significant because MSTR's accumulation has historically been one of the largest single sources of marginal demand for Bitcoin.

The absence of activity in a given week is itself watched closely by market participants. In fact, pauses have occurred before, typically around periods when the equity premium to net asset value narrows or when issuance capacity is paused.