Grayscale’s P&L Strategy Aims to Sell $3B Bitcoin to Rebuild Trust
Jun 28 2026 09:45 UTC
Grayscale’s research head Zach Pandl says he expects Strategy (the publicly listed corporate Bitcoin holder) will likely have to raise the dividend rate on its flagship “digital credit” preferred stock, STRC, to meet near-term cash obligations. In an X post on Saturday, Pandl als...
➤ Grayscale's research head Zach Pandl suggests Strategy (a corporate Bitcoin holder) should sell $3 billion in Bitcoin to address cash obligations and rebuild trust, rather than solely relying on dividend hikes for its preferred stock (STRC).
➤ STRC is trading significantly below its par value, and Strategy's annual dividend burden is substantial ($1.2 billion), leading to increased scrutiny of its financing decisions and declining cash reserves.
➤ The article highlights a debate between selling Bitcoin to cover obligations versus relying on STRC's 'self-repairing mechanism' through price adjustments, with key uncertainties surrounding Strategy's reserve strategy and future actions.
Read more at: https://rwatimes.io/articles/coinmarketcap-grayscales-p-l-strategy-aims-to-sell-3-b-bitcoin-to-rebuild-trust-2885427256?utm_source=binance
Jun 28 2026 09:45 UTC
Grayscale’s research head Zach Pandl says he expects Strategy (the publicly listed corporate Bitcoin holder) will likely have to raise the dividend rate on its flagship “digital credit” preferred stock, STRC, to meet near-term cash obligations. In an X post on Saturday, Pandl als...
➤ Grayscale's research head Zach Pandl suggests Strategy (a corporate Bitcoin holder) should sell $3 billion in Bitcoin to address cash obligations and rebuild trust, rather than solely relying on dividend hikes for its preferred stock (STRC).
➤ STRC is trading significantly below its par value, and Strategy's annual dividend burden is substantial ($1.2 billion), leading to increased scrutiny of its financing decisions and declining cash reserves.
➤ The article highlights a debate between selling Bitcoin to cover obligations versus relying on STRC's 'self-repairing mechanism' through price adjustments, with key uncertainties surrounding Strategy's reserve strategy and future actions.
Read more at: https://rwatimes.io/articles/coinmarketcap-grayscales-p-l-strategy-aims-to-sell-3-b-bitcoin-to-rebuild-trust-2885427256?utm_source=binance