According to foreign media, the Bitcoin supporter Samson Mow suggested that Strategy could sell 25,000 bitcoins to BSTR to replenish the dollar reserve through an off-site deal. This scenario comes at a time when Bitcoin prices are falling and Strategy ' s capital structure is receiving renewed attention.

The deal is worth $1.5 billion.

According to Mow, BSTR has disclosed approximately $1.5 billion, which corresponds to a trade of 25,000 bitcoin. The total value of the transaction is also approximately $1.5 billion, if calculated at $60,000 per unit.

In his view, such an arrangement would meet the needs of both parties: Strategy would receive additional United States dollar reserves, and BSTR would expand its business with bitcoin. According to its calculations, the dollar reserves of Strategy could rise to $2.9 billion, while the hold-up of BSTR would increase from 30021 to 55021.

Off-site transactions reduce open market shocks

Mow suggested the way OTC, which is a big off-site deal. Such transactions usually do not enter directly into open exchange order books, and are therefore often seen as a way to reduce short-line market disturbances when significant transfers of bitcoins occur.

He also described the deal as giving 25,000 bitcoins "to find a place to go." In his presentation, it was more like a point-to-point shift between firms than a centralized sale to the open market.

Strategy is under cash and red pressure.

It was reported that Strategy currently held 847363 bitcoins at an average purchase cost of approximately $75680 per unit. Prior to that, Bitcoin had fallen to $58,000, which meant that its market price was below the average cost of construction.

At the same time, there is an increased burden on companies to share their preferred shares. The report cites data that Strategy ' s annual priority share commitment rose from $300 million at the beginning of 2026 to $1.2 billion, while the cash reserve fell by 38 per cent during the year.

Michael Saylor did not respond directly to this off-site offer. On X, he said that fluctuations would test any capital structure and Strategy would remain focused on bitcoin, prudent capital allocation, credit quality and long-term value creation.

External questions continue.

After Saylor spoke, long-time critics Peter Schiff again questioned Strategy ' s financing model and called it a publicly disclosed Ponzi structure. However, Saylor ' s public response did not call back by name but continued to emphasize the company ' s long-term bitcoin strategy.

Additional information:The report also mentioned that Strategy had sold 32 bitcoins for the first time in the last four years, then bought 520 more and retained most of the $335.5 million in equity financing in cash.