Grayscale head of research Zach Pandl said Strategy should sell $3 billion worth of Bitcoin to meet cash obligations, a move he suggested could help stabilize confidence, while on-chain analytics firm CryptoQuant argued the company has alternative ways to support STRC.
Pandl’s recommendation
Pandl said Strategy ought to liquidate approximately $3 billion in Bitcoin to address its near-term cash needs. The proposal implies drawing on the company’s Bitcoin holdings to shore up liquidity and reduce uncertainty around its financial commitments.
CryptoQuant’s counterpoint
Responding to Pandl’s view, CryptoQuant contended that Strategy has other options to support STRC without selling such a large tranche of Bitcoin. The firm suggested the company could pursue alternative measures to bolster market confidence and maintain support for STRC.
Context
Grayscale is a leading digital asset manager known for cryptocurrency investment products. CryptoQuant is an on-chain analytics provider that tracks blockchain data and market flows. Strategy and STRC were not immediately clarified by the firms beyond the references made, but both comments center on balancing liquidity needs with market confidence and token support.
What to watch
It remains unclear whether Strategy will opt to sell Bitcoin or pursue alternative measures. Market participants are watching for formal disclosures from the company on its liquidity plans and any steps taken to support STRC.