Grayscale says Strategy's Bitcoin sales restore market confidence by rebuilding dividend coverage to 17 months as STRC recovers from its lows.

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

Strategy sold 3,588 Bitcoin to fund dividends and replenish its US dollar reserve, while Bernstein said the company remains unlikely to become a forced seller.