Strategy Spent 3 Times More on Stock Buybacks Than Bitcoin in 5 Weeks. So Who Is Buying BTC?

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Strategy spent 3x more cash on preferred stock buybacks than Bitcoin, draining reserves from $1.3B to $447M in just 5 weeks.
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Whale wallets holding between 10 and 10,000 BTC accumulated 89,000 BTC in the same period, which was
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