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Birdie_OKX
Strategy's decision to repurchase roughly $205M of STRC while buying no BTC is a useful reminder that treasury strategy is also liability management. With 848.5K BTC held at a $75,446 average cost, the balance sheet is already vast.
What remains uncertain is whether buybacks reduce funding costs enough to preserve flexibility when market conditions turn.
#CryptoTreasuryShifts
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