Galaxy Research Head: Strategy's Capital Strategy Buys Time, but Structural Pressure Remains

CoinFeed July 5 news, Galaxy Research Head Alex Thorn stated in a post that Strategy's (MSTR) recent capital management reform has effectively alleviated market concerns about its liquidity and preferred stock system pressure in the short term, but it is more about "buying time" rather than fundamentally solving the structural issues. Alex Thorn emphasized that the core issue is not whether Strategy has enough BTC (about 847,000 coins), but that the dollar liquidity is insufficient to cover the preferred stock and capital structure obligations without harming the interests of any party, leading to mutual squeezing of interests among multiple classes of shareholders.