Strategy | Crypto

MSTR could target $200 and extend toward $280 if supportive macro conditions and bullish technical momentum hold. Strategy’s stock MSTR printed one of the rarest bullish reversal signals in technical analysis, the “Abandoned Baby,” on its daily chart, hinting that a brutal downtrend may be running out of steam. Key takeaways MSTR’s rare reversal pattern suggests rising odds of a sharp rebound. Read more

Strategy, formerly known as MicroStrategy, is considering a pivot that would fundamentally alter the risk profile of the world’s largest corporate Bitcoin treasury. For a decade, the company sold Wall Street on a singular thesis: it was a digital vault, offering unencumbered exposure to Bitcoin without the risks of custody or counterparty risk. That stand is changing […] The post Strategy’s yield hunt inadvertently helps the very hedge funds looking to short its Bitcoin premium appeared first on CryptoSlate.

Strategy is urging MSCI to retain MSTR in its indexes, despite raising its Bitcoin holdings to 650,000 BTC as it has lowered its 2025 targets. Michael Saylor’s Strategy is not giving up on efforts to keep its common A stock (MSTR) part of the MSCI indexes after the stock entered the MSCI World Index during the Bitcoin rally in 2024. Amid MSCI Global Standard Indexes holding consultations on whether to delete MSTR and other digital asset treasuries (DATs) from its indexes, Strategy’s Saylor said the company is communicating with the index provider about the issue, Reuters reported on Wednesday. “We’re engaging in that process,” the Strategy founder said, adding that he “was not sure” about the accuracy of JPMorgan’s reported estimations that a potential exclusion from the MSCI could trigger $2.8 billion of outflows. Read more

A clear look at Strategy’s Bitcoin model, the conditions that could trigger sales and how to understand future updates within the proper context. Strategy is the largest corporate Bitcoin holder, with roughly 650,000 BTC on its balance sheet. The company’s model hinges on raising capital and converting it into BTC while keeping its market-cap-to-Bitcoin value (mNAV) above 1. CEO Phong Le has described any Bitcoin sale as a “last resort” option that would be considered only if mNAV drops below 1 and access to new capital meaningfully deteriorates. Read more

Strategy Inc., the corporate Bitcoin vault formerly known as MicroStrategy, has signaled that the mechanics driving its rapid growth have hit a cyclical wall. On Dec. 1, the Tysons Corner-based firm revealed that it was prioritizing a $1.44 billion cash reserve and providing investors with detailed parameters for potential asset sales. This represents a pragmatic […] The post Strategy new ‘last resort’ to sell Bitcoin could trigger on 15% dip – sets $1.4B cash reserve contingency appeared first on CryptoSlate.

Strategy’s 649,870 BTC stash implies a value 78% above MSTR’s price, flagging a rare historical undervaluation zone.

Strategy funded a new reserve from stock sales to cover at least 12 months of dividends as it boosts its Bitcoin stash to 650,000 coins amid market volatility. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, is creating a $1.44 billion US dollar reserve to support dividend payments on its preferred stock and interest on its outstanding debt. Strategy on Monday announced the establishment of a US dollar reserve funded through proceeds from the sale of Class A common stock under its at-the-market offering program. “Strategy’s current intention is to maintain a USD Reserve in an amount sufficient to fund at least twelve months of its dividends, and Strategy intends to strengthen the USD Reserve over time, with the goal of ultimately covering 24 months or more of its dividends,” the company said. Read more

Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls below net asset value and funding options disappear, calling it a financial decision. Strategy would consider selling Bitcoin only if its stock falls below net asset value and the company loses access to fresh capital, CEO Phong Le said in a recent interview. Le told the What Bitcoin Did show that if Strategy’s multiple to net asset value (mNAV) were to slip under one and financing options dry up, unloading Bitcoin becomes “mathematically” justified to protect what he calls “Bitcoin yield per share.” However, he noted that the move would be a last resort, not a policy shift. “I would not want to be the company that sells Bitcoin,” he said, adding that financial discipline has to override emotion when markets turn hostile. Read more

Phong Le says Strategy has no near-term debt maturity risk and plans to continue using convertibles and equity to grow its bitcoin position over time.

The financial services giant has filed with the US Securities and Exchange Commission to launch a leveraged BTC financial product. Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of BTC, are criticizing JPMorgan’s proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury firms. JPMorgan’s notes are a leveraged investment product tied to the price of Bitcoin (BTC). The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains — or the losses — through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing.  The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Read more

Strategy said it has a 70-year dividend runway even after Bitcoin’s slide, rolling out a new credit rating metric to ease fears over DAT liquidation risks. Michael Saylor’s Strategy is attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in digital asset treasury (DAT) stocks. Strategy, the world’s largest corporate Bitcoin (BTC) holder, has rolled out a new credit rating dashboard based on the company’s preferred stock notional value, and claims to have another 70 years’ worth of dividend payment runway to service its debt, even if Bitcoin’s price remains flat. “If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x,” said Strategy in a Tuesday X post. Read more

Strategy Inc. (formerly MicroStrategy) spent 2025 building the largest corporate Bitcoin reserve the public markets have ever financed, but the scale of that ambition ended up colliding with the logic of its own stock. What began as an aggressive accumulation strategy, powered by the company’s appetite for leverage and a willingness to dilute existing shareholders, […] The post Why Wall Street is blocking Strategy’s S&P 500 entry — even with its $56B Bitcoin empire appeared first on CryptoSlate.

Despite a steep drop in its share price, Strategy’s Bitcoin stack is in the green and it continues to outperform top tech equities over time. Update Nov. 24, 1:20 pm UTC: This article has been updated to add comments from Kyle Rodda, senior market analyst at Capital.com. Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story. Google Finance data shows that Strategy (MSTR) stock is down almost 60% over the last year, and has declined by over 40% year-to-date (YTD). The stock traded near $300 in October, before dropping to about $170 at the time of writing. Read more

The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026. JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in response to a call to boycott the financial services giant. Read more

Strategy remains poised for an S&P 500 inclusion in 2025, as the world’s largest Bitcoin holder is unlikely to have to liquidate its holdings to service its debt. The recent crypto market correction has reignited questions about the durability of corporate Bitcoin treasury plays, but Matrixport researchers say the largest of them, Strategy, still appears on track for possible S&P 500 inclusion. Despite recurring doubts about whether Strategy’s business model can withstand deep drawdowns, analysts argue that a forced, large-scale liquidation by the world’s largest corporate Bitcoin (BTC) holder is not a “near-term risk,” according to a Wednesday research report by Matrixport. Instead, the real pressure from the recent correction is on the stockholders who bought the stock at an inflated net asset value (NAV), who are currently suffering the impact of the company’s NAV compression. Read more

After weeks of reporting Bitcoin purchases hovering around 400 to 500 BTC, Michael Saylor’s company announced a massive crypto investment on Monday. The company behind the largest Bitcoin treasury announced it had returned to buying large amounts of the cryptocurrency following a $835 million purchase. In a Monday filing with the US Securities and Exchange Commission, Michael Saylor’s Strategy reported acquiring 8,178 Bitcoin (BTC) for about $835 million. The purchase represented a significant increase compared to the company’s BTC investments in October and earlier in November, which it reported to be about 400-500 coins per week. The acquisition came amid significant volatility in the price of Bitcoin. According to data from Nansen, BTC price fell by about 11% in the previous seven days, reaching $94,191 at time of publication.  Read more

Dorman says fears that Strategy will be forced to sell bitcoin are misplaced, citing the firm’s balance sheet, governance and cash flow.

Schiff also challenged Binance co-founder Changpeng Zhao (CZ) to a debate, slated to take place in December in the United Arab Emirates. Gold investor Peter Schiff called Strategy’s business model, which hatched the biggest Bitcoin (BTC) treasury company in the world, a “fraud” on Sunday and challenged the company’s founder, Michael Saylor, to a debate.  Schiff, who is one of crypto and Bitcoin’s harshest critics and a staunch gold advocate, challenged Saylor to a debate at Binance Blockchain Week in Dubai, United Arab Emirates (UAE), in December. In a separate X post, Schiff argued: Once this happens, Strategy will no longer be able to issue more debt, sparking a “death spiral,” Schiff continued. Read more

Strategy moves $5.7 billion in Bitcoin as its net asset value to its Bitcoin holdings drops below one for the first time, sparking valuation concerns amid marketwide speculation. Bitcoin’s (BTC) latest drawdown has pushed the asset to its lowest price since May 2025, and Strategy’s MSTR stock is also feeling the pressure. Stock prices slipped to $197 at pre-market for the first time since October 2024, extending its woes. Key takeaways: Strategy’s $5.77 billion Bitcoin move is likely a custodial relocation. Read more

Strategy will add to its 640,000 Bitcoin holdings by continuing to buy amid a flash crash in BTC price, Michael Saylor said. Michael Saylor, executive chair of Strategy, denied reports that the company was offloading some of its Bitcoin amid a flash crash in the cryptocurrency’s price. In a Friday X post, Saylor said that there was “no truth” to a report claiming that Strategy reduced its overall Bitcoin (BTC) holdings by about 47,000 BTC, or $4.6 billion at the time of publication. Saylor said the company was continuing to buy Bitcoin as the price dropped by more than 4% in less than 24 hours, from more than $100,000 to less than $95,000. “I think the volatility comes with the territory,” said Saylor in a Friday CNBC interview. “If you’re going to be a Bitcoin investor, you need a four-year time horizon and you need to be prepared to handle the volatility in this market.” Read more