Strategy’s $150 million-a-day STRC market has a hidden dependency on its own buybacks

Strategy’s STRC market is reported to depend heavily on the company’s own buybacks to sustain roughly $150 million in daily trading, creating a potential liquidity feedback loop if that support weakens. Separately, Glassnode estimates that more than $500 billion in Bitcoin sits in wallets whose public keys are exposed, raising long-term vulnerability to advances in quantum computing. Together, the reports highlight distinct risks around Bitcoin-linked market liquidity and the security of existing holdings.