Analysis: Strategy sold approximately $700 million worth of stock last week, triggering a severe dilution effect.

According to TechFlow TechFlow, on December 26th, CryptoQuant analysts pointed out that Strategy's sale of approximately $700 million worth of shares last week triggered a severe dilution effect, causing the stock price to continue its downward trend. Currently, the stock price has fallen by about 70% from its all-time high, and increased market supply continues to put pressure on the price. Despite this, the company still plans to invest $22.46 billion in Bitcoin in 2025, a scale comparable to 2024 and far exceeding previous annual investment levels. Analysts point out that this balance sheet leverage operation has incurred significant costs.