Strategy Slows Bitcoin Accumulation: Preparing for Prolonged Bear Market?

Wednesday Dec 3 2025 22:20

Duration

2 min

  1. 1. Strategy Slows Bitcoin Accumulation: A Sign of a Prolonged Bear Market?

  2. 1.1 Dramatic Decline in Monthly Purchases

  3. 1.2 Significant Purchase in November

  4. 1.3 Fortifications to Address Market Pressures

  5. 1.4 Challenges to Inclusion in Major Stock Market Indexes

  6. 1.5 Strategy's Engagement with MSCI

Strategy Slows Bitcoin Accumulation: A Sign of a Prolonged Bear Market?

A recent analysis by CryptoQuant reveals that Strategy, the largest corporate holder of Bitcoin, has significantly slowed its rate of cryptocurrency accumulation throughout 2025. CryptoQuant analysts interpret this move as preparation for a drawn-out bear market.

Dramatic Decline in Monthly Purchases

CryptoQuant's Wednesday report highlighted a dramatic monthly reduction in Bitcoin (BTC) purchases by Strategy since late 2024. According to the report, monthly purchases fell from 134,000 BTC at the 2024 peak to just 9,100 BTC in November 2025, and only 135 BTC so far this month. "A 24-month buffer makes one thing clear: they’re bracing for the bear market,” CryptoQuant commented.

Significant Purchase in November

Despite this overall slowdown, Strategy purchased 8,178 BTC for approximately $835.5 million on November 17, its largest purchase since July. This brings its total holdings to 649,870 BTC, valued at approximately $58.7 billion at the time of this writing.

Fortifications to Address Market Pressures

In November, Strategy CEO Phong Le stated that the company might consider selling some of its BTC to cover debt costs, but only if the company's stock falls below its net asset value (NAV), or if it loses access to financing. The company has also established a $1.4 billion cash reserve to meet its dividend payment obligations and debt service costs. The reserve should provide Strategy with a 12-month runway to meet its debt obligations, with plans to expand the reserve to build a 24-month buffer, the company stated.

Challenges to Inclusion in Major Stock Market Indexes

Strategy is also facing challenges in its bid for inclusion in major stock market indexes. MSCI, which sets eligibility criteria for many of these indexes, has proposed a policy change that would bar treasury companies holding 50% or more of their balance-sheet assets in crypto. Such a rule would cut off firms like Strategy from the passive inflows that come with index inclusion.

Strategy's Engagement with MSCI

Michael Saylor, the co-founder of Strategy, recently stated that Strategy is engaging with MSCI regarding the proposed policy change, which is set to take effect in January.

Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.

Default Author Avatar

Written by:

Emma Rose

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all

Friday, 8 May 2026

Duration

4 min

Gold Price Today, May 09: Gold (XAUUSD) at $4,720 Faces Correction Risk After 250% Rally as Oil Leads Markets

Thursday, 7 May 2026

Duration

6 min

Tata Gold ETF Rides XAUUSD Breakout as Middle East Developments Shake Markets

Thursday, 7 May 2026

Duration

3 min

Gold Price Today, May 08: XAUUSD Surge to $4,753 on Easing Oil and Inflation Signals

Latest news

Monday, 11 May 2026

Indices

Latest ETF News Highlights: BTC Price (BTC/USD) Holds at $81,500 Amid Strong Bitcoin ETF Inflows

Monday, 11 May 2026

Indices

Gold Price Today, May 12: XAU/USD Rises Sharply After Fed Cut Live Gold Price at $4,750

Sunday, 10 May 2026

Indices

Stock Market Today: Nifty Slips Below 24,200, Sensex Drops to 77,328 as Oil Crosses $100

Sunday, 10 May 2026

Indices

Gold Price Today, May 11: Gold (XAUUSD) Trading at $4,695, Central Banks Keep Buying as Investors Seek Shelter

Friday, 8 May 2026

Indices

India's Tech Boom: India’s Offshore Tech Hubs Near 2030 Milestone in FY26

Friday, 8 May 2026

Indices

Gold Price Today, May 09: Gold (XAUUSD) at $4,720 Faces Correction Risk After 250% Rally as Oil Leads Markets

Thursday, 7 May 2026

Indices

Tata Gold ETF Rides XAUUSD Breakout as Middle East Developments Shake Markets

Thursday, 7 May 2026

Indices

Gold Price Today, May 08: XAUUSD Surge to $4,753 on Easing Oil and Inflation Signals

Wednesday, 6 May 2026

Indices

Crypto Market News Today: Dogecoin DOGEUSD Surges Past $0.115 as Meme Coin Momentum Builds in 2026

Wednesday, 6 May 2026

Indices

Gold Price Today, May 07: XAU/USD Soars 2.73% to Record $4,685 Amid Market Rally

See all news