Analysts Urge Strategy to Pause Bitcoin Buying as Cash Cushion Thins

CryptoQuant says the cash backing Strategy's preferred funding has shrunk from seven years of coverage to about 14 months, with a multibillion-dollar paper loss on recent purchases.

The analytics firm CryptoQuant argued that Michael Saylor's Strategy should halt its Bitcoin purchases and rebuild cash, citing a sharp deterioration in the company's financial cushion. Strategy, the corporate Bitcoin treasury company led b…