{"id":184156,"date":"2026-06-20T12:30:11","date_gmt":"2026-06-20T12:30:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=184156"},"modified":"2026-06-20T12:30:11","modified_gmt":"2026-06-20T12:30:11","slug":"grayscale-research-head-says-saylors-strategy-faces-a-1-5-billion-cash-flow-trap-not-a-bitcoin-one","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=184156","title":{"rendered":"Grayscale Research Head Says Saylor\u2019s Strategy Faces a $1.5 Billion Cash-Flow Trap, Not a Bitcoin One"},"content":{"rendered":"<p>Strategy faces about $1.5 billion in annual preferred-stock dividends against roughly $477 million in software revenue, a cash-flow gap that Grayscale\u2019s head of research, Zach Pandl, warns is a financing problem, not a bitcoin one. A Cash-Flow Problem, Not a Crypto Problem In a podcast with journalist Laura Shin, Grayscale\u2019s head of research (who posts [\u2026]<\/p>","protected":false},"excerpt":{"rendered":"<p>Strategy faces about $1.5 billion in annual preferred-stock dividends against roughly $477 million in software revenue, a cash-flow gap that Grayscale\u2019s head of research, Zach Pandl, warns is a financing problem, not a bitcoin one. A Cash-Flow Problem, Not a Crypto Problem In a podcast with journalist Laura Shin, Grayscale\u2019s head of research (who posts [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":184157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-184156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184156"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=184156"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/184156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/184157"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=184156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=184156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=184156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}