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Strategy Bitcoin treasury stressUpdate 9 of 14
Strategy BTC Capacity and Sale Scrutinized

Strategy Bitcoin Accumulation Capacity Analyzed; Mizuho Cuts Price Target to $213 With 110% Upside; VanEck Clarifies $135M BTC Sale Did Not Use Program Quota

BitcoinJul 8, 2026

Strategy is overhauling its Bitcoin treasury model — abandoning its 'never sell' posture, pausing purchases, and restructuring capital amid mounting unrealized losses and STRC preferred stock stress.

Mizuho Financial Group cut its Strategy price target to $213 while projecting 110% upside from current levels. A VanEck executive separately clarified that Strategy's $135 million Bitcoin sale last week did not draw against the company's approved BTC monetization program quota, and analysis examined the remaining capacity for future BTC purchases under the Digital Credit Capital Framework.

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