CryptoQuant: Strategy sold about $700 million in stocks last week, causing a severe dilution effect

CryptoQuant analysts pointed out that Strategy sold about $700 million in stocks last week, triggering a severe dilution effect, which led to a continuous decline in stock prices. Currently, the stock price has dropped about 70% from its historical peak, and the increased market supply continues to pressure the stock price.

Despite this, the company is still investing $22.46 billion in Bitcoin in 2025, which is comparable to 2024 and far exceeds previous annual investment levels. Analysts noted that this balance sheet leverage operation has incurred significant costs.