Strategy, the world’s largest Bitcoin treasury company, plans to increase its BTC sales from $1.25 billion to $5 billion, a fourfold increase. The funds will be used to build a $5 billion cash reserve, finance $1.76 billion in dividend payments, and support a $2 billion stock buyback program. This massive increase in sales could add further pressure on BTC’s price, especially as long-term holders are also reducing their exposure and US spot BTC ETF inflows remain negligible. Galaxy Research warned that Strategy’s BTC sales will not resolve its structural issues unless the company generates recurring income from a portion of its BTC holdings.
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