[Grayscale Research Director Suggests Strategy Sell Over $3 Billion in Bitcoin to Improve Capital Structure and Restore Market Confidence] BlockBeats News, June 28, Grayscale Research Director Zach Pandl stated that instead of raising the STRC preferred stock dividend rate by 50 basis points, it would be better to sell over $3 billion worth of Bitcoin to fulfill cash payment obligations and restore market confidence. Spot On Chain analysis indicates that as an institutional researcher, Zach Pandl's public suggestion for Strategy to sell over $3 billion in BTC carries significant signaling implications. If Strategy ultimately proceeds with a large-scale sale, it could exert considerable selling pressure on the market and potentially weaken the narrative of companies continuously accumulating Bitcoin. This perspective also reflects market concerns about Strategy's capital structure and its heavy reliance on Bitcoin assets for balance sheet sustainability. Further attention is needed on Strategy's official response and whether its on-chain wallets show actual Bitcoin transfers. [Original Link]