Coin Stories with Natalie Brunell News Block: Strategy Selling Bitcoin is Bullish, S&P 500 is Ripping, and Bitcoin Is Still 30% Below Its All-Time High
27 snips
May 10, 2026 Discussion of Strategy's new willingness to sell Bitcoin and how limited sales could be accretive. Exploration of a credit rating move that might unlock massive institutional demand. Coverage of John Bollinger turning bullish and technical signals hinting at a potential short squeeze. Comparison of Bitcoin's recent price action against a ripping S&P 500 and notes on BTC still being well below its all-time high.
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Strategy's Shift To Net Seller Policy
- Strategy changed "never sell" to "never be a net seller," allowing tactical sales that increase Bitcoin per share.
- Selling to retire converts or fund dividends must be accretive so the company expects to remain a net buyer long-term.
Small Sales Solve Dividend And Liquidity Concerns
- Selling a small amount of Bitcoin can improve liquidity, retire debt, and fund dividends without diluting shareholders.
- Strategy holds $2.25 billion cash (≈18 months of dividends) and 2% annual Bitcoin yield would sustainably cover $1.5B obligations.
Credit Upgrade Unlocks Massive Institutional Demand
- Improving Strategy's credit rating by reducing convertible debt could unlock much larger institutional buyers.
- Investment grade access (≈$23.6T) is ~11x larger than current high-yield pools, enabling cheaper capital to accelerate Bitcoin buys.
