Grayscale Warns Strategy’s Bitcoin Model May Be Adding Market Pressure

Published by

Nidhi Kolhapur

June 5, 2026

Grayscale’s Dogecoin and XRP ETFs Set to Launch on November 24

Grayscale Head of Research Zach Pandl said concerns are growing around Strategy’s leveraged Bitcoin accumulation strategy after the company disclosed the sale of 32 BTC. According to Pandl, weaker performance in Strategy’s preferred shares could raise dividend costs, increasing financial pressure and potentially leading to additional Bitcoin sales. The comments matter because Strategy is one of the largest corporate holders of Bitcoin, and changes in its buying or selling activity can influence broader market sentiment. Grayscale believes the company’s ability to continue accumulating BTC may be becoming more constrained. Pandl added that Bitcoin could require new sources of demand before establishing a more durable market bottom, with ongoing uncertainty contributing to elevated volatility.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.