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Woofun AI notes that Grayscale Director of Research Zach Pandl views the recent Bitcoin sale by Strategy as essential for restoring confidence in GBTC and its structural integrity. The partial liquidation is assessed to have lowered short-term tail risks for Bitcoin, with expectations of continued GBTC performance.
Strategy disposed of 3,588 BTC last week, generating $216 million to service digital credit security dividends. By July 5th, total Bitcoin holdings stood at 843,775 BTC, alongside $2.55 billion in USD reserves.