{"id":30807,"date":"2026-06-04T21:02:22","date_gmt":"2026-06-04T21:02:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/strategy-may-be-forced-to-sell-more-bitcoin-grayscale-warns\/"},"modified":"2026-06-04T21:02:31","modified_gmt":"2026-06-04T21:02:31","slug":"strategy-may-be-forced-to-sell-more-bitcoin-grayscale-warns","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/strategy-may-be-forced-to-sell-more-bitcoin-grayscale-warns\/","title":{"rendered":"Strategy may be forced to sell more Bitcoin, Grayscale warns"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Michael Saylor\u2019s Strategy has faced growing pressure to sell additional Bitcoin after a recent share price decline raised concerns about the sustainability of its financing structure, according to a new report from Grayscale Research.<\/p>\n<div id=\"cn-block-summary-block_629c9eeb190a0e02e96b5587449424cc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Grayscale warned that Strategy may be forced to sell more Bitcoin if weakness in STRC increases cash flow obligations.<\/li>\n<li>The firm said lower STRC and MSTR share prices could restrict Strategy\u2019s ability to raise capital for additional BTC purchases.<\/li>\n<li>While Grayscale expects Bitcoin to recover, Standard Chartered believes Strategy will resume aggressive Bitcoin accumulation.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Grayscale Research said the company\u2019s ability to keep expanding its Bitcoin holdings has become more constrained as prices of both MSTR and STRC shares have fallen. The warning follows Strategy\u2019s sale of 32 BTC, a move that drew attention because Saylor had spent years publicly arguing against selling Bitcoin.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udd95 Grayscale Research: <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Strategy?ref_src=twsrc%5Etfw\">@Strategy<\/a> sold <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>, and the whole market felt it.<\/p>\n<p>The world&#8217;s largest digital asset treasury offloaded 32 Bitcoin on June 1.<\/p>\n<p>The real story is the pressure on its levered model, and what it means for <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<\/p>\n<p>Read the full article from <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/LowBeta?ref_src=twsrc%5Etfw\">@lowbeta<\/a> on the\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/6S96Q0ssBI\">pic.twitter.com\/6S96Q0ssBI<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Grayscale\/status\/2062570563139411998?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The report linked the recent strain to weakness in Strategy\u2019s preferred stock offering, STRC, which was designed to trade near $100 per share while paying an 11.5% dividend. With STRC changing hands at about $95.42, Grayscale head of research Zach Pandl said the structure creates additional pressure on the company.<\/p>\n<h2 class=\"wp-block-heading\">Falling STRC shares increase cash flow demands<\/h2>\n<p>According to Grayscale, a decline below STRC\u2019s intended trading level can force Strategy to raise the dividend offered to investors.<\/p>\n<p>Higher dividend payments would increase the company\u2019s cash obligations, potentially making future Bitcoin sales more likely if additional funds are needed.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Recent market turbulence has already weighed on Strategy-linked securities. Earlier reporting from crypto.news attributed the pressure on STRC to two developments. Strategy\u2019s decision to sell Bitcoin was followed by a decline in BTC prices, a combination that raised questions among investors about risks tied to the company\u2019s heavily leveraged Bitcoin accumulation model.<\/p>\n<p>Adding to those concerns, STRC does not carry FDIC or SIPC protection. Strategy also provides no guarantee regarding the stock\u2019s future market price or dividend payments.<\/p>\n<p>Despite those risks, investor demand helped STRC grow rapidly. Grayscale noted that the preferred stock has reached a market capitalization of roughly $10 billion, more than three times its size at the beginning of the year. The report attributed that growth to investors seeking high yields alongside exposure to Strategy\u2019s Bitcoin-backed business model.<\/p>\n<p>The current bearish market conditions could also limit Strategy\u2019s capacity to issue new shares and raise fresh capital for additional Bitcoin purchases. Grayscale said lower prices for both STRC and MSTR reduce the attractiveness of the company\u2019s primary funding channels.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin treasury accumulation remains uneven<\/h2>\n<p>While Grayscale sees short-term challenges for Strategy, the firm argued that the long-term impact on Bitcoin could prove constructive. The report said a reduction in Bitcoin held on highly leveraged balance sheets, combined with ownership spread across multiple corporate treasuries, may support a healthier market structure over time.<\/p>\n<p>Grayscale also expects Bitcoin prices to recover in the coming months, although the firm said some crypto assets benefiting from regulatory developments could outperform during that period.<\/p>\n<p>Not every corporate Bitcoin holder has responded to market stress by reducing exposure. While Strategy sold part of its holdings, Strive Inc. increased its position. The company disclosed that it purchased another 2,500 BTC between May 23 and June 1, lifting its total holdings to 19,000 BTC.<\/p>\n<p>At the same time, views on Strategy\u2019s outlook remain divided. Standard Chartered recently said Bitcoin\u2019s bottom is likely approaching and maintained its year-end target of $100,000. Unlike Grayscale, the bank expects Strategy to resume aggressive Bitcoin accumulation, drawing comparisons with the company\u2019s purchasing activity after a Bitcoin sale in 2022.<\/p>\n<p>Bitcoin (BTC) changed hands at $63,560 at the time of writing, representing a 2.5% decline over the previous 24 hours.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor\u2019s Strategy has faced growing pressure to sell additional Bitcoin after a recent share price decline raised concerns about the sustainability of its financing structure, according to a new&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30807"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30807\/revisions"}],"predecessor-version":[{"id":30808,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30807\/revisions\/30808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30400"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}