Grayscale Research says Strategy's $216M bitcoin sale reduces tail risk, covers 17 months of dividends and could help BTC find a durable bottom.

The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.

Strategy reduced its Bitcoin holdings after selling 3,588 Bitcoin for total net proceeds of approximately $216 million.

Strategy sold 3,588 BTC for $216 million to fund dividends. The firm now holds 843,775 BTC and $2.55 billion in cash.

Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $52.3 billion.

BTC nears $64K before a brief drop triggered by Strategy's $216M BTC sale. While critics shout "Ponzi," bulls point to a $2.5B USD reserve.

Strategy sold 3,558 BTC for $216 million to fund STRC dividends, breaking its never-sell stance as it pursues an investment-grade credit rating upgrade.

"Strategy is selling more bitcoin. But this will restore confidence in its financing structure and help bitcoin find a more durable bottom."

Bitcoin dips but recovers after Strategy dumps 3,888 BTC. Bitcoin's realized profit and loss ratio falls to a 43-month low of -0.35, a figure that signals a market bottom says…

Strategy sold Bitcoin to cover dividend payments, with Grayscale saying the move could support a durable Bitcoin price bottom.

Grayscale Research says Strategy's $216M bitcoin sale reduces tail risk, covers 17 months of dividends and could help BTC find a durable bottom.

Grayscale's Zach Pandl argues Strategy's $216M Bitcoin sale to cover preferred dividends reduces forced-liquidation risk and may help BTC find a durable