Jiang Zhuo'er: Strategy Approved, Likely to Sell All 20,000 BTC可出售的2万枚BTC大概率会全部卖出

BlockBeats News, July 6th, Jiang Zhuo'er, founder of BTC.TOP mining pool, stated that Strategy has sold 3588 BTC, gaining $216 million. This is the first time Strategy has significantly sold BTC, even with $2.55 billion in cash reserves, enough to cover 17.6 months of interest payments, actively selling more BTC than needed to cover interest.

This move signifies the breaking of the "Strategy Never Sells Coins" narrative. It is not understood why Strategy is currently selling a large amount of BTC. Even if lacking dollars, Strategy could continue to raise funds through the issuance of common stock. Although this would lead to a decrease in BTC holdings per share, Strategy believes that preserving the "Do Not Sell Coins" narrative and faith is evidently more important than BTC holdings per share.

If Strategy does not buy back at the low point after a significant sell-off, it will also lead to a decrease in BTC holdings per share. The fact that Strategy is willing to pay this price can only be understood as its preparation to conduct a large-scale BTC trading operation.

Jiang Zhuo'er further stated that the shareholder meeting has likely approved the sale of 20,000 BTC. He believes that in the subsequent bull market phase, the market may see an entity holding hundreds of thousands of BTC conducting a sell-off.