Corporate Bitcoin treasuries could face calendar-driven selling of 77,100–128,500 BTC in a bear case over the next two years. According to NS3.AI, Strategy reported 843,738 BTC as of May 25, along with $6.7 billion in convertible notes and $15.5 billion in preferred stock.
The stress case estimates potential selling could exceed 192,800 BTC if one large treasury company loses access to refinancing.
Corporate Bitcoin Treasuries Could Face Up to 128,500 BTC in Calendar-Driven Selling
2026-07-24 10:36:57
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