Opinion: Strategy's BTC Sale Helps Restore Market Confidence in STRC and Reduces Short-Term Bitcoin Tail Risk

On July 6, Grayscale's research director Zach Pandl stated that in his view, Strategy's sale of BTC is a necessary measure to restore market confidence in STRC and its overall structure. The partial BTC sale executed by Strategy last week further reduced the short-term tail risk of Bitcoin, and STRC is expected to continue to perform well in the future. According to previous reports, Strategy sold 3,588 Bitcoins last week, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's Bitcoin reserves have decreased to 843,775 coins, while holding $2.55 billion in dollar reserves.
BTC0.52%
STRC2.03%
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