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Grayscale's head of research says strategy has a $1.5 billion cash flow problem and might be building a "death spiral."

Grayscale’s head of research says Strategy has a $1.5 billion cash-flow problem and might be building a “death spiral.”

Grayscale’s head of research says Strategy has a $1.5 billion cash-flow problem and might be building a “death spiral.”

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June 24, 2026
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