STRATEGY breaks the myth of "never selling coins," Huobi HTX will conduct a live broadcast to discuss the future direction of institutional holdings.
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Jiang Zhuoer: Bull Market Strategy May See Sell-off of Hundreds of Thousands of Coins
According to Foresight News , Jiang Zhuoer, founder of BTC.com, commented on Strategy (MSTR)'s (MSTR's) sale of Bitcoin today, stating that this move signifies the breaking of MSTR's "never sell Bitcoin" promise. Jiang pointed out that MSTR currently has $2.55 billion in cash reserves, enough to cover 17.6 months of interest expenses. It is puzzling that MSTR would proactively sell more Bitcoin than it needs, given that it doesn't lack liquidity. He believes that even if it needs US dollars, MSTR could easily solve this by issuing new common stock, which would dilute the amount of Bitcoin per share but would maintain market confidence. Jiang further speculated that MSTR's move might indicate a plan to conduct swing trading on its holdings, with the approximately 20,000 Bitcoins approved for sale by the shareholders' meeting likely to be sold gradually, potentially leading to a sell-off of hundreds of thousands of Bitcoins during a bull market.
Strive CRO: Strategy's sale of 3,500 Bitcoins helps buy more BTC.
Odaily Odaily News | _2024111120230_ | An article published on the X platform states that Strive's CRO, PunterJeff Walton (@PunterJeff), explained that Strategy's recent sale of 3,500 Bitcoins is actually positive and will help it buy more BTC. He stated that this will provide more support for STRC and its future growth potential, enabling it to buy more BTC, and MSTR shareholders should take a positive view of this.
Strategy, holding 847,363 BTC, was advised to generate income through lending or options rather than selling BTC.
According to a research report published on July 3rd by Alex Thorn, Head of Research at Odaily Digital, Strategy should explore generating revenue from its BTC holdings rather than directly selling physical BTC. Strategy previously launched a five-part Digital Credit Capital Framework, including a dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred stock buyback mandate, a $1 billion MSTR stock buyback mandate, and a BTC monetization plan, increasing the STRC annual dividend yield from 11.5% to 12%. Strategy currently holds 847,363 BTC and has raised over $1 billion through common stock sales, extending its cash coverage period to approximately 17 months. Thorn stated that Strategy could use a small portion of its BTC for conservative lending or options strategies, generating revenue while retaining most of its upside exposure. Strategy still faces preferred stock obligations and $6.7 billion in outstanding convertible debt maturing in 2027 and 2028. (Bitcoin.com News)
Morning Minute: Strategy CEO Says Selling The Bottom Was Correct Move
Strategy sold millions in Bitcoin in the low $60k range and just rebought at $80k. Now they’re sharing the rationale behind the moves.
'The Right Trade': Strategy CEO Has No Regrets Selling Bitcoin at $60K Before Buying Back Higher
Phong Le said Strategy’s cost of capital—not Bitcoin’s price—drove its decision to sell nearly 7,000 BTC before resuming purchases above $80,000.
A well-known trader stated that Strategy's OTC selling of cryptocurrencies has limited impact on spot prices, and Bitcoin could potentially reach as high as $65,600.
According to Mars Finance, on July 7th, renowned trader Killa (@KillaXBT) stated that if Bitcoin holds above last week's closing price (approximately $59,000), it could potentially reach $65,600. Furthermore, regarding the "historic sell-off of 3,588 BTC by Strategy," Killa clarified that Strategy did not sell through the open market but rather through institutional trading to avoid significantly impacting Bitcoin's price. This partly explains Bitcoin's initial drop followed by a rise last night. Killa, a quantitative trader specializing in BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he short Bitcoin at $74,688 and then went long during the market downturn on June 5th.