UPDATE: In a startling shift, Strategy, the world’s largest corporate Bitcoin holder, has drastically reduced its monthly Bitcoin purchases, signaling a major preparation for a looming bear market. This revelation comes as the cryptocurrency market faces significant downturns, with Strategy’s buys plummeting from a staggering 134,000 BTC in July 2024 to just 9,100 BTC in November 2025, and only 135 BTC so far this month.
Analysts at CryptoQuant interpret this drastic cutback as a clear indication that Strategy is bracing for a prolonged downturn in the crypto treasury market. The company’s total Bitcoin holdings now stand at 649,870 BTC, valued at approximately $58.7 billion.
The urgency of this situation is compounded by Strategy’s recent purchase of $835.5 million worth of Bitcoin on November 17, its largest acquisition since July. However, this move has not alleviated concerns regarding the company’s stock performance, which is currently under pressure.
In an official statement, Strategy highlighted a “last resort” scenario where it may consider selling assets to cover debt obligations if its stock dips below its net asset value. To navigate potential financial turmoil, the company is working to expand its reserves, aiming for a 24-month buffer against upcoming debt service costs and dividend payments.
Furthermore, Strategy’s efforts to gain inclusion in major stock market indexes have faced setbacks. The MSCI has proposed a policy change that could prevent firms like Strategy from benefiting from the passive inflows associated with index membership. This potential removal could lead to outflows of up to $8.8 billion if other index providers follow suit.
Amid this turbulent backdrop, the implications of Strategy’s strategic maneuvers are significant for investors and the broader cryptocurrency market. The company’s decisions could set a precedent, influencing other corporate holders of Bitcoin as they navigate similar market challenges.
As the situation develops, market watchers are urged to stay informed about Strategy’s next moves and the potential ripple effects on Bitcoin’s value and corporate treasury strategies globally. The stakes are high, and the response from the crypto community will be pivotal in shaping the future of Bitcoin investments.
Stay tuned for further updates as this story unfolds.
