BlockBeats News, June 28th, Grayscale Research Director Zach Pandl stated that instead of raising the STRC preferred stock dividend yield 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.

As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has a certain benchmark significance. If Strategy eventually carries out a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of corporate Bitcoin accumulation.

This view also reflects the market's concerns about Strategy's capital structure and the sustainability of its high dependence on Bitcoin assets on its balance sheet. Subsequent attention is needed on Strategy's official response and whether there will be actual Bitcoin transfers from its on-chain wallet.