According to Wu Blockchain, crypto journalist Laura Shin posted that the current issue with Strategy isn’t Bitcoin itself but rather its capital structure being under pressure. She pointed out that STRC has dropped to around $75, hitting a record low, with an implied yield of about 15%. Strategy’s common stock has fallen to around $85, down 78% year-to-date, and its USD-denominated preferred shares are now trading below par value. Laura Shin stated that with STRC below par value and mNAV nearing 1, Strategy’s financing leverage is compromised, and the mechanism originally used to buy BTC is now shifting toward raising cash to pay dividends. Grayscale’s Head of Research, Zach Pandl, commented that if Strategy sells at least $3 billion worth of BTC to cover most of its cash obligations for the next two years, it could help restore market confidence. https://(wublock123.com)/news/zach-pandl-says-selling-30b-btc-could-restore-market-confidence-63607