Grayscale Says Strategy’s Bitcoin Buying Pause Strengthens Balance Sheet

Strategy’s decision to stop making additional Bitcoin purchases is drawing a positive response from Wall Street firms, crypto-focused media outlet The Block reported on July 13.

Grayscale said the move strengthens Strategy’s financial position and lowers the risk of an extreme negative scenario. That, in turn, could help Bitcoin form a more stable price floor.

CF Benchmarks Research analyst Gabe Selby said Strategy’s cash holdings are sufficient to meet short-term obligations. Still, he said the company should not become locked into a pattern of repeatedly selling Bitcoin to raise cash.