Published Sep 9, 2026, 5:47 PM ET · Updated 2 months ago · 1 source
Treasury buyback gives BTC little support unless long-end yields stay lower
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Original Report
The $12.5bn Treasury buyback gives BTC little support because it is funded by issuance and used for short-end cash management, so net Treasury supply barely changes; the $6bn long-end buyback helps BTC only if long-end yields stay lower.