Noticed MicroStrategy scaled back their bitcoin buying last week - picked up just over 1,000 BTC for $76.6M instead of the $1B+ they were dropping weekly before. Seems like they're switching from preferred share issuance back to regular stock sales to fund purchases. Their total stash is now sitting at 762K BTC acquired at an average of around $75.7K per coin. With BTC hovering near $72K now, they're still underwater on average cost basis. What's interesting is how this Strategy company's buying pattern shifts based on market conditions and funding availability. They went hard for a couple weeks, now they're pacing themselves. Meanwhile, Bhutan apparently dumped 70% of their bitcoin holdings over the past few months - down from 13K BTC to under 4K. Quite the contrast in how different entities are playing this market.