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Michael Saylor’s Strategy Is Bracing For a Bear Market: CryptoQuant

“Strategy’s Bitcoin shopping for has collapsed by 2025,” said on-chain evaluation platform CryptoQuant in a Wednesday report. Monthly purchases fell from 134,000 BTC on the 2024 peak to simply 9,100 BTC in November 2025, solely 135 BTC to this point this month, it added, emphasizing the slowdown.

“A 24-month buffer makes one factor clear: they’re bracing for the bear market.”

The report added that Strategy has additionally introduced a “main shift” in the way it manages its stability sheet.

Changes to Strategy’s Strategy

The firm raised over $1.44 billion by frequent fairness issuance to construct a US greenback reserve. This could be devoted to paying dividends on most well-liked inventory and servicing curiosity obligations for at the very least 12 months, it added.

“Importantly, Strategy additionally disclosed that it might promote Bitcoin or Bitcoin derivatives as a part of its risk-management choices.”

This money buffer is designed to cowl most well-liked inventory dividends of round $700 million yearly, and bond curiosity for 12 to 24 months, representing a departure from their earlier technique of repeatedly changing fairness into Bitcoin.

Key adjustments embrace a dual-reserve mannequin separating long-term Bitcoin holdings from short-term greenback liquidity, new flexibility in the potential for promoting Bitcoin or derivatives for threat administration, and declining BTC purchases.

“Strategy’s shift from aggressive Bitcoin accumulation to a extra conservative, liquidity-focused treasury method coincides with Bitcoin’s largest drawdown of 2025, a decline extreme sufficient that almost each main onchain and technical indicator now alerts the market has entered a bearish part.”

Strategy at present holds 650,000 BTC value $61 billion at present market costs. It stays up 26% from its common buy worth, which is round $74,436, according to SaylorTracker. However, this might flip into a loss if markets enter one other extended crypto winter.

Strategy Stock Woes

Company share (MSTR) costs have been on a regular decline since mid-July, falling virtually 60%. Losses accelerated in early October, simply after the Bitcoin worth peak, and when markets began trending downward.

MSTR was buying and selling at $188 on the time of writing, up 4% on the day as BTC recovered, however down 35% for the reason that starting of the 12 months. Bitcoin has misplaced round 5% for the reason that identical time final 12 months and is trading on the identical worth it was on January 1 – $93,600.

The put up Michael Saylor’s Strategy Is Bracing For a Bear Market: CryptoQuant appeared first on CryptoPotato.

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