Opinion: The sale of BTC by Strategy will help restore market confidence in STRC and reduce short-term Bitcoin tail risk
BlockBeats News, July 6th: Grayscale's Director of Research, Zach Pandl, stated in a post that in his view, the BTC Sell-off by Strategy was a necessary step to restore market confidence in GBTC and its overall structure. The Strategy's partial BTC sale last week further reduced Bitcoin's short-term tail risk, and GBTC is expected to continue to perform well in the future.
Previously reported, the Strategy sold 3,588 BTC last week, realizing $216 million to pay dividends on its digital credit securities. As of July 5th, the company's Bitcoin reserves decreased to 843,775 BTC, while holding USD reserves of $2.55 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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