Bitwise CIO Matt Hougan: MicroStrategy’s Run as Bitcoin’s Top Buyer Is Likely Over

Bitwise Chief Investment Officer Matt Hougan says MicroStrategy’s run as the most dominant buyer of Bitcoin (BTC) is likely finished, with the treasury giant now positioned to sell rather than only accumulate the asset. Strategy’s (MSTR) preferred stock has collapsed in recent weeks, and a new capital plan now lets the company sell Bitcoin for