江卓尔：Strategy股东会已批准的2万枚BTC大概率全卖

Odaily Planet Daily News: Jiang Zhuo'er posted on X platform that Strategy has sold 3,588 bitcoins, cashing out approximately $216 million, and noted that this is the first time the company has engaged in large-scale减持.

He stated that even though the company still holds approximately $2.55 billion in cash reserves, sufficient to cover 17.6 months of interest expenses, choosing to actively sell coins rather than raising funds through additional common stock issuance is seen as a significant shift from the "never sell coins" strategy.

Jiang Zhuo'er believes this move may indicate an adjustment in the company's funding strategy. He questioned that selling BTC without repurchasing positions would lead to a "decline in BTC holdings per share." He further speculated that the 20,000 BTC approved by shareholders will likely be fully sold, and suggested that Strategy may be using some of its Bitcoin for periodic fund allocation, potentially affecting its long-term market narrative of "continuously buying BTC."