2025-12-27 11:25:24

Bitcoin Treasury Leader Strategy is currently facing multiple pressures—its stock price remains low, and the Bitcoin premium index continues to decline. As the end-of-January MSCI index exam approaches, whether it can pass smoothly remains a real suspense.

Interestingly, Strategy seems to have sensed the risk and has recently adopted a "defensive stance." According to the latest developments, the company has accumulated approximately $2.2 billion in cash reserves. However, the purpose of this money is quite deliberate—it is mainly used to maintain dividends on preferred shares and pay debt interest, rather than continuing to buy Bitcoin.

This shift clearly indicates the situation. From aggressively acquiring coins to cautiously saving money, Strategy's move reflects that even leading players need to be meticulous in the current market environment. Whether this is a temporary risk management measure or a long-term strategic adjustment remains to be seen.

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On-ChainDiver

· 16h ago

Hey, Strategy is about to drop the ball? Going from buying coins aggressively to holding onto 2.2 billion without moving, this change is quite drastic. Hold on to your positions and wait for the rebound, that's all. By the way, these big players are really starting to chicken out. It feels like the whole market is watching the MSCI hurdle. We still have to wait until January; we'll see the outcome then. Something's off. With so much cash on hand, still caring about dividends, it feels like they're preparing for the worst.

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MerkleMaid

· 12-27 11:55

This round of Strategy's operation is truly a full signal, shifting from aggressive buying to saving money and paying off debts. What does this indicate? The big players are starting to get cautious. That MSCI concern is probably hanging by a thread. Holding 2.2 billion in cash but not daring to move. How tough must that life be? It feels like the market is asking one question: Is this just a temporary safe haven or a long-term bearish outlook on Bitcoin? No, no, I think they are just preparing for a big wave of volatility. The more cash reserves they have, the better. The stock price can't be pushed up anymore. No wonder they are turning conservative, but how will they revive their momentum if this continues? This is probably the fate of leading companies. The larger the size, the harder it is to be aggressive. They can only seek steady wins. The decline in the premium index really means eating dirt. Strategy has been forced from offense to defense.

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BearHugger

· 12-27 11:37

Now Strategy also has to tighten its belt, where's that aggressive spirit from before? That MSCI issue is really critical; if it fails, it will be even more embarrassing. Saving 2.1 billion in cash and not buying coins? Basically, they're a bit timid. If the top players are like this, what can we do... From reckless buying to being a miser, the shift is pretty quick. This change in mindset shows that they also see that the market is not quite right.

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SigmaBrain

· 12-27 11:35

Listen, I understand Strategy's moves this time, but I just don't have the money to keep buying the dip, gotta pay off debts. --- 22 billion USD sitting in the account and not buying coins? That's ridiculous. Feels like they chickened out before the bull market even arrived. --- From aggressive to conservative, the pace is a bit too rushed... Is the MSCI concern really that intimidating? --- Cash reserves are probably just a cover-up; the real reason is that stock prices can't hold up and need blood transfusions. --- Even top players have to lower their heads and be cautious. The current market situation is really unsustainable. --- Talking about a defensive lineup sounds good, but in reality, they’re out of bullets, just waiting to see how January plays out. --- Prioritizing interest dividends over building positions? That’s basically admitting there’s no short-term opportunity. --- Strategy’s move is very tricky, hard to tell if it’s truly cautious or just pretending. --- When the premium index drops, they actually dare not buy? That logic is a bit counterintuitive.

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