Analysis: Strategy sold approximately $700 million worth of stocks last week, causing a significant dilution effect

According to TechFlow, on December 26, a CryptoQuant analyst pointed out that Strategy sold approximately $700 million in stocks last week, triggering a severe dilution effect and causing the stock price to continue to decline. The current stock price has dropped about 70% from its all-time high, and the increased market supply continues to put pressure on the stock price. Nevertheless, the company still invested $22.46 billion in bitcoin purchases in 2025, a scale comparable to 2024 and far exceeding previous annual investment levels. Analysts noted that this balance sheet leverage operation has brought significant costs.