Asset management firm Grayscale has released an analysis suggesting that Strategy's (MSTR) recent sale of Bitcoin may reduce its financing risk while also contributing to greater price stability for the cryptocurrency.
According to Grayscale's research, Strategy sold approximately $216 million worth of Bitcoin. This primary effect was to increase the company's dollar holdings significantly.
Grayscale notes that this cash reserve is now sufficient to cover an estimated 17 months of dividend payments, effectively reducing the financial pressure on the company.