Media: According to the Greyscale study, the recent sale of $216 million bitcoin by Strategy should not be simply interpreted as an empty signal. According to the article, the transaction raised the company ' s dollar reserves, eased financing pressures and eased market concerns about its balance sheet.
Cash reserve raised to $2.55 billion
In a study of 6 July, the greyscale stated that the market had previously been more concerned with currency sales per se, while ignoring the improvement in the financial buffer of Strategy. The agency believes that the increase in cash position increases the ability of companies to respond to debt and priority stock-sharing.
According to the data, Strategy currently holds 843,775 BTCs, with a value of nearly $53 billion at current prices, while bearing almost $7 billion in debt. The greyscale claims that the company ' s annual priority share-in obligations are less than $2 billion and that the existing capital structure is still supported.
Upon completion of the sale, Strategy ' s United States dollar reserves rose to approximately $25.5 billion. The greyscale indicates that this size can roughly cover the payment requirements for nearly 17 months under the current bonus obligation.
Greyscale says selling money helps to stabilize prices.
According to the article, market concerns about Strategy ' s follow-on financing needs would also diminish as a result of reduced financial pressures. Zach Pandl, Director of Greyscale Studies, suggested that such a change would not necessarily be a bit bitcoin, but might instead help the market to form a more stable price base.
Following Strategy ' s announcement that the related treasury arrangements had been adjusted, Bitcoin had fallen to a total of $61,000, causing some investor challenges. However, the subsequent price recovery showed that the market did not continue to be priced in a negative direction.
ETF Returning Money Drives Bitcoin Back
Reports indicate that Bitcoin rebounded after touching a 24-hour low of $61,275, and then rose to the vicinity of $64,000, with a median height of $64,597. During the same period, 24-hour transactions increased by 77 per cent.
In addition to company-level interpretations, the upturn in market sentiment is linked to improved financial performance. It is reported that Béléde's spot bitcoin ETF re-emerged net inflows after several consecutive weeks of outflows, which, together with seasonal strongness, supported the recovery of bitcoin prices.
The stock price of Strategy also rebounded on Tuesday ' s trading hours, increasing by 0.45 to 101.22 dollars, a cumulative increase of nearly 18 per cent over the past week. It was also reported that Cantor Fitzgerald maintained a buy-in rating for MSTR and a target price of $212 for 12 months.