Grayscale Research's director suggests that Strategy sell over $3 billion in Bitcoin to improve capital structure and restore market confidence
By: rootdata|2026/06/28 13:42:08
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Grayscale Research's Head of Research Zach Pandl stated that instead of raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to fulfill cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC carries a certain indicative significance.
If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.
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