Strategy Improves Liquidity by Selling 3,588 BTC, But Needs Systematic Bitcoin Framework

According to BlockBeats, on July 18, CryptoQuant research head Julio Moreno stated that Strategy's new digital credit framework has resolved short-term liquidity issues. Since implementing the framework, Strategy sold 3,588 BTC (approximately $216 million) to replenish dollar reserves and raised $466.7 million through MSTR stock sales. Dollar reserves increased from $1.44 billion to approximately $3 billion, while preferred dividend coverage improved from roughly 14 months to 29 months. Bitcoin holdings remain at 843,775 BTC.

However, CryptoQuant notes Strategy still lacks disciplined mechanisms for when to resume Bitcoin purchases and how to sell portions during the next bull market. The current framework covers funding methods but lacks a valuation-based purchase model and a long-term capital management strategy for risk hedging at cycle peaks.