bitcoin sell-off

Strategy

2026-06-29 13:01:43

Strategy Abandons 'Never Sell Bitcoin' Pledge: Launches Digital Credit Capital Framework, Authorizes $1.25B BTC Sale

Strategy (formerly MicroStrategy) has officially abandoned its 'never sell Bitcoin' mantra, launching a Digital Credit Capital Framework in response to severe financial pressures. The company's preferred stock STRC plunged, causing annual dividend obligations to swell to $1.2 billion, while cash reserves dwindled and legal investigations loom. The framework authorizes the sale of up to $1.25 billion in Bitcoin, establishes a $2.55 billion cash reserve, raises STRC's dividend yield to 12%, and launches $1 billion buyback programs for both preferred and common stock. This marks a dramatic pivot from the company's long-standing Bitcoin accumulation strategy, reflecting the harsh realities of leveraged crypto exposure in a volatile market.

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global supply

2026-06-28 17:31:03

Metrics Ventures Market Observer: Global Vulnerability Accumulates, Crypto Market Faces Systemic Risk and Bitcoin Liquidation Pressure

The latest monthly report from Metrics Ventures warns that since 2022, persistent global supply chain disruptions have severely impacted the economic resilience and monetary-fiscal autonomy of Japan, South Korea, and Europe, setting the stage for future capital market turmoil. Liquidity is drying up outside AI and some commodities, with fragile nations increasingly piling into concentrated trades. In crypto, the report for the first time seriously assesses the possibility of MicroStrategy (MSTR) selling its ~800k BTC holdings. Weak demand raises Bitcoin's appeal as a hedge/short vehicle against other assets. Technically, US dollar index broke resistance, while Japanese and Korean stock markets are at critical levels. For metals, gold and silver face short-term pressure but this dip is likely a launchpad for their next bull run. The report also discusses copper, small commodities' play complexities and the eventual dovish pivot after rate hikes.

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Grayscale

2026-06-28 07:59:28

Grayscale Research Head Pandl Urges Strategy to Sell $3B in Bitcoin; CryptoQuant Disagrees

Zach Pandl, head of research at Grayscale, suggested that Strategy (formerly MicroStrategy) sell $3 billion worth of Bitcoin to meet cash obligations and restore market confidence. In contrast, CryptoQuant argued the company has alternative methods to support its stock STRC without liquidating BTC holdings. The disagreement highlights the ongoing debate over risk management by large Bitcoin holders.

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Grayscale

2026-06-28 08:01:36

Grayscale Research Director Suggests Strategy Sell Over $3B Bitcoin to Restore Confidence, Raising Market Concerns

Zach Pandl, Head of Research at Grayscale, publicly recommended that Strategy (formerly MicroStrategy) sell over $3 billion of its Bitcoin holdings to meet cash payment obligations and restore market confidence, rather than raising the dividend rate on STRC preferred stock by 50 basis points. If implemented, the sale would create significant sell pressure and potentially undermine the corporate Bitcoin accumulation narrative. This institutional analyst's suggestion reflects deep concerns about Strategy's capital structure and the sustainability of its Bitcoin-centric balance sheet. Market participants are now awaiting Strategy's official response and monitoring on-chain wallet movements for any actual transfers.

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