Demand for Proof-of-Reserves from Strategy Amid BTC Buying Pause
- A critic named “Pledditor” urged Strategy to disclose proof-of-reserve for its Bitcoin holdings, questioning the lack of market impact from their purchases.
- Strategy has acquired over 818,000 BTC at an average price of about $75,537 per coin.
- The firm recently paused its Bitcoin buying activity after four weeks of continuous acquisitions, with Saylor stating, “No buys this week.”
- Despite raising $82 million via an ATM stock offering, the decision not to purchase BTC is seen as significant.
- The latest acquisition was approximately 3,273 BTC worth $255 million at an average price near $77,906.
The call for transparency comes as Strategy has halted aggressive purchasing while holding a significant amount of Bitcoin without affecting its price significantly. Critics suggest that such transparency is necessary given their substantial holdings and recent market behavior.
With over 818,000 BTC in reserves and a pause in buying activity, the scrutiny on Strategy’s transparency regarding its assets continues to grow. (Source)
