UPDATE: The world’s largest corporate holder of Bitcoin, Strategy, has dramatically reduced its cryptocurrency purchases, signaling a serious shift amid a looming bear market. Recent data from analysts at CryptoQuant reveals that monthly BTC buys plummeted from 134,000 BTC at the peak in 2024 to a mere 9,100 BTC in November 2025, with only 135 BTC acquired so far this month.
This contraction in Bitcoin accumulation indicates 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, following a significant purchase of $835.5 million on November 17, marking its largest acquisition since July.
As the crypto landscape shifts, Strategy’s stock is under pressure, with CEO Michael Saylor determined to maintain the company’s Bitcoin strategy. However, analysts warn that if Strategy’s stock falls below its net asset value, it may need to consider selling off its Bitcoin assets to cover debt obligations and dividend payments.
The company has outlined a plan to create a reserve that would provide a 12-month runway to meet its financial commitments, with ambitions to extend this buffer to 24 months. These measures come as Strategy faces challenges in gaining inclusion in major stock market indexes. Recent proposed changes by MSCI could restrict firms like Strategy from the passive inflows associated with index inclusion, potentially leading to significant financial repercussions.
In addition to these financial strategies, the Bitcoin market is experiencing heightened volatility, with indicators suggesting a potential shift in momentum. The Bitcoin Bollinger Bands are reportedly reflecting a “parabolic” bull signal reminiscent of late 2023, raising questions about the market’s immediate future.
Investors and crypto enthusiasts are urged to monitor these developments closely. The implications of Strategy’s reduced buying activity could resonate throughout the crypto landscape, affecting market sentiment and pricing dynamics.
As the situation evolves, all eyes will be on Strategy and its next moves as it navigates a challenging economic environment. Stay tuned for the latest updates on this developing story.
