Grayscale's Head of Research, Zach Pandl, stated that Strategy should sell at least $3 billion in Bitcoin to address a significant portion of the company's cash obligations over the next two years and restore market confidence in its capital structure. In its latest 8-K report to the SEC, Strategy reported a $300 million increase in its dollar reserves, bringing the total to $1.4 billion. This amount is sufficient to cover approximately 14 months of dividends on STRC preferred shares, with an annual obligation of around $1.2 billion.