2025-12-23 07:21:07

A large investment institution holding a significant amount of Bitcoin recently adjusted its strategy, hitting the pause button after accelerating. According to regulatory filings submitted last week, the institution did not continue to purchase Bitcoin last week, ending a two-week streak of aggressive accumulation, and instead shifted its focus to financial defense—injecting $748 million into a newly established dollar reserve.

This injection of capital directly increased the account cash reserves from $1.44 billion to $2.19 billion, which, based on the company's expenditure pace, is sufficient to cover the preferred stock dividends for the next 32 months. It seems to be creating a "safety cushion" for the hoarding of coins.

The purpose of holding USD reserves is very clear: on one hand, it ensures that dividends can be paid normally through a sufficient cash buffer; on the other hand, it also provides flexibility in liquidity, facilitating the continued expansion of Bit positions. The key is that this approach can demonstrate debt repayment capability to creditors and shareholders— even if there is a significant drop in the cryptocurrency market, there will be no need to sell Bit to fill the dividend gap.

This institution currently holds 671,268 Bitcoins, worth approximately 5.91 billion USD at market price, and its holdings remain at historical levels. Looking back at their operations over the past two weeks, they have collectively bought over 21,000 Bitcoins, spending nearly 1.9 billion USD—so the pause in purchases may just be a short-term tactical adjustment rather than a change in the overall strategy of accumulating coins.

The market's reaction has been relatively positive, with Bitcoin rebounding slightly over the weekend, and related stocks also rising about 3% in pre-market trading on Monday. From a longer time scale, this practice of pausing to accumulate positions at high levels while strengthening financial resilience demonstrates the mature mindset of large investors—seizing opportunities while also preparing for rainy days.

BTC-0.37%

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MetaverseLandlord

· 12-23 07:48

Pausing to increase the position is about accumulating strength; this tactic is really smooth. Wait, is this preparing for a big dump in the crypto world? It feels a bit off. With 6.71 million Bitcoins in hand, I wonder who still dares to move. Is this for real? Spent 1.9 billion and still want to pause? Why are these institutions so cautious? This is called knowing how to play; first, secure the cash flow, then continue with accumulation, smart. The ability to pay off debts is brilliant; shareholders can rest easy, continue with Coin Hoarding. Short-term tactical adjustment? I see they are waiting for even lower prices. 32 months of dividends are secured; this is the rhythm of long-term holding. Now pausing, waiting for the next round to enter a position, the thoughts of large investors are this deep. A 3% rise is not enough; these institutions will definitely continue to act.

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LiquidationWizard

· 12-23 07:33

This technique is really skillful; first, madly hoard coins and then stack up dollars, it's just worrying about suddenly flipping over and having no money to pay dividends.

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