Strategy purchased another 250 BTC for approximately $21.5 million. But more significant than the BTC purchase itself is another capital move: during the same period, Strategy repurchased $192.4 million worth of STRC—nearly nine times the amount spent on BTC. This indicates that Strategy is no longer merely “funding BTC purchases,” but actively allocating capital across BTC, preferred shares, and cash reserves. Therefore, evaluating Strategy shouldn’t focus solely on “how much BTC was bought this week.” What matters more is understanding how capital is coming in—and where it’s being allocated—to truly grasp its current capital strategy. #BTC #Strategy #KTX