Svmuu News: CryptoQuant analyst Axel Adler stated that Bitcoin remains a core reserve asset, but at the operational level, BTC has functionally evolved into a key source of liquidity supporting Strategy’s ($MSTR) complex capital structure.
Axel Adler pointed out that as Strategy continues to conduct financing and capital management through assets related to the Bitcoin, the role of Bitcoin is evolving from a mere store of value into a key liquidity infrastructure within the company’s capital operations system.
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Analyst: BTC is evolving from a reserve asset into a core source of liquidity underpinning Strategy’s capital structure
svmuu.com29/06/2026 10:46
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