via Cointelegraph · By Cointelegraph Staff
Strategy’s Bitcoin Model Under Pressure, Grayscale Warns
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Strategy’s leveraged Bitcoin model is stressed, which could limit the firm’s ability to keep buying BTC and potentially force further sales, according to Grayscale.
“The shift in approach from one of the world’s largest BTC holders has weighed on market sentiment,” said Zach Pandl, Grayscale’s head of research, on Thursday.
Michael Saylor’s Strategy sold 32 BTC on Monday, a tiny fraction of…
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