BitcoinSistemi 2026-07-06 20:23:07

Founder of a Chinese Mining Company Delivers Bad News About Strategy’s Bitcoin Sale: “There May Be More to Come”

Jiang Zhuoer, founder of the B.TOP mining pool, made noteworthy statements regarding Strategy’s Bitcoin sales. According to Zhuoer, it is highly likely that the company will sell all 20,000 BTC for which it had previously received approval. Zhuoer stated that Strategy recently sold 3,588 BTC, raising approximately $216 million in cash. He noted that this was the company’s first large-scale Bitcoin sale and criticized the move, which was made despite having $2.55 billion in cash reserves. According to Zhuoer, these reserves were sufficient to cover the company’s interest payments for 17.6 months. Jiang Zhuoer said this development marks a break from Strategy’s long-held narrative of “never selling cryptocurrency.” Zhuoer stated that the rationale behind the company’s current large-scale cryptocurrency sales is unclear, and argued that Strategy could continue to raise funds through new common share issuances if it needs dollars. Related News: The Analyst Who Predicted the Drop Speaks Out Again: “Bitcoin’s Four-Year Cycle Is Running Like Clockwork” According to Zhuoer, while the new share issuance might reduce the amount of Bitcoin per share, maintaining the company’s “no-sell” narrative and investor confidence should outweigh this effect. However, if Strategy were to sell Bitcoin and not repurchase it at a lower price, the amount of Bitcoin per share would still decrease. Therefore, Zhuoer suggested that Strategy’s decision to sell Bitcoin could only be explained by the company’s preparation to use a large amount of BTC for short-term trading. Zhuoer also noted that the 20,000 BTC approved for sale by shareholders will most likely be sold entirely. According to the analyst, the market may face selling pressure from a large institution holding hundreds of thousands of BTC in the later stages of the bull cycle. *This is not investment advice. Continue Reading: Founder of a Chinese Mining Company Delivers Bad News About Strategy’s Bitcoin Sale: “There May Be More to Come”

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