Grayscale: Strategy selling Bitcoin helps restore market confidence, reduce tail risks

CoinFeed July 7 news, according to The Block, Grayscale stated that Strategy's recent sale of Bitcoin should restore market confidence in its financing structure, help Bitcoin find a more sustainable price bottom, and reduce Bitcoin's tail risks. Grayscale head of research Zach Pandl said in a report: "On the face of it, Strategy's balance sheet has no problems. The company holds about $52 billion in Bitcoin, with debt of only about $7 billion. Its annual dividend payment obligation on preferred stock is less than $2 billion. Strategy clearly has ample financial resources to repay debt and pay dividends.