Strategy’s Leveraged Bitcoin Model Is Under Strain, Researchers Warn

Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings.A Dividend Problem Taking Shape
Zach Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny slice of its 843,706 BTC stockpile — triggering a wave of selling that has knocked Bitcoin down 16% since the transaction.
Strategy also offloaded $128 million in shares, and