Strategy 總裁暨執行長 Phong Le 表示，儘管公司近期出售價值超過2.15億美元的BTC，依舊規劃長期擔任比特幣主要買方，「不會退出市場」。他指出，唯有BTC價格跌至8000至10000美元區間，公司才需考量相關債務風險，當前資產負債表整體維持穩健。Strategy 上週透過發行普通股募資約4.67億美元，現金儲備擴充至30億美元。

摩根大通分析師提到，近期比特幣現貨ETF資金流動起伏劇烈，但Strategy 槓桿型ETF已連續七週維持穩定資金淨流入，主力為散戶資金，有望支撐股價，避免普通股價低於所持比特幣資產淨值。與此同時，Strategy 美元儲備自25.5億美元提升至30億美元，足以覆蓋約20個月的優先股股息，減輕市場對於公司為發放股息拋售BTC的疑慮。分析師補充，本週CME比特幣期貨與永續合約在現貨ETF淨流出的背景下仍維持資金淨流入，代表機構需求回暖；雖無法確認Strategy 增持現金是否直接提振比特幣投資信心，但以上各項條件皆屬於比特幣發展前景的正面訊號。

Phong Le, President and CEO of Strategy, stated that despite the company selling over $215 million worth of BTC recently, it still plans to remain a major long-term buyer of Bitcoin and “will not exit”. He said debt-related risks will only need to be addressed if BTC falls to the range of $8,000 to $10,000, and the balance sheet remains sound at present. Strategy raised approximately $467 million via common stock offerings last week, lifting its cash reserves to around $3 billion.

JPMorgan analysts said while Bitcoin spot ETF flows have been highly volatile lately, Strategy’s leveraged ETFs have posted steady net inflows for seven consecutive weeks, driven mainly by retail investors. This may underpin its share price and prevent common stock from trading below the net asset value of its Bitcoin holdings. Meanwhile, Strategy boosted its dollar reserves from $2.55 billion to $3 billion, enough to cover roughly 20 months of preferred stock dividends, easing market worries that the firm would sell BTC to cover dividend payments. Analysts also noted that CME Bitcoin futures and perpetual contracts recorded positive inflows this week amid outflows from spot ETFs, signaling improved institutional demand. While it remains unclear whether Strategy’s cash buildup has directly lifted Bitcoin investor sentiment, all the above factors are viewed as positive indicators for Bitcoin’s outlook.