CryptoQuant says Michael Saylor's Strategy should halt its bitcoin buying

CryptoQuant warned that Strategy has overextended itself by aggressively buying bitcoin and should halt purchases to rebuild cash reserves. The firm's STRC preferred stock dropped 17.5% below par, dividend obligations nearly quadrupled to $1.2 billion, and cash reserves fell 38% this year. Dividend coverage shrank from over seven years to about 14 months.