Strategy Bitcoin buys collapse, company bracing for bear market: Analyst
Strategy's Bitcoin accumulation has sharply declined in 2025, signaling preparations for a prolonged bear market, according to CryptoQuant.Summary
Strategy, the largest corporate Bitcoin holder, has drastically reduced its monthly BTC purchases throughout 2025, dropping from a peak of 134,000 BTC to just 9,100 BTC in November, which analysts at CryptoQuant interpret as the company bracing for a sustained bear market. Despite the slowdown, Strategy's total holdings reached 649,870 BTC. CEO Phong Le previously stated the company might sell BTC only if its stock falls below its net asset value or if financing is lost. To manage market pressures, Strategy has established a $1.4 billion cash reserve intended to cover debt and dividend obligations for 12 months, with plans to extend this buffer to 24 months. Furthermore, the company faces potential setbacks regarding inclusion in major stock indexes, as MSCI has proposed a policy change that could bar firms holding 50% or more of their assets in crypto, a change Strategy is actively engaging with MSCI about.
(Source：Cointelegraph)