Strategy, which holds 847,363 BTC, is advised to generate income through lending or options instead of selling BTC.

Odaily reported that Alex Thorn, Head of Research at Galaxy Digital, stated in a research report on July 3 that Strategy should explore generating income from its BTC holdings rather than directly selling spot BTC. Previously, Strategy introduced a five-part Digital Credit Capital Framework, including USD reserve policy, revised STRC dividend policy, $1 billion preferred share repurchase authorization, $1 billion MSTR stock repurchase authorization, and BTC monetization plan, and raised the annual STRC dividend rate from 11.5% to 12%. Strategy currently holds 847,363 BTC and has raised over $1 billion through common stock sales, increasing the cash coverage period to approximately 17 months. Thorn noted that Strategy could use a small portion of its BTC for conservative lending or options strategies to generate income while retaining most of its upside exposure. Strategy still faces preferred share obligations and $6.7 billion in outstanding convertible debt due between 2027 and 2028.