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View: Strategy's sale of BTC helps restore market confidence in STRC and reduces Bitcoin's short-term tail risk.

MarsBitNews
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Mars Finance News reported that on July 6, Zach Pandl, Head of Grayscale Research, said in a post that, in his view, Strategy’s sale of BTC is a necessary move to restore the market’s confidence in STRC and its overall structure. Strategy’s partial BTC sale last week further reduced Bitcoin’s short-term tail risk, and it is expected that STRC will continue to perform well going forward. Previously reported, Strategy sold 3,588 BTC last week, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves had fallen to 843,775 BTC, while it held $2.55 billion in USD reserves.
BTC1.82%
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