
Strategy’s Bitcoin holdings near 680,000 BTC amid a steep 2025 stock decline and looming MSCI index exclusion that could trigger billion-dollar outflows.
Strategy, formerly MicroStrategy, disclosed a new purchase of 22,498 BTC in December 2024, bringing its total holdings to 672,497 BTC and nearing its 680,000 BTC target. Despite aggressive accumulation, Strategy’s stock (MSTR) has fallen over 50% in 2025, currently trading around $163. The company faces potential delisting from the MSCI index under a proposal to exclude firms with digital assets exceeding 50% of total assets. CEO Phong Le and co-founder Michael Saylor warned MSCI removal could prompt $2.8 billion in stock liquidations, with JPMorgan estimating outflows could rise to $8.8 billion if other index providers follow. Strategy may confront financial losses despite a prior $2.8 billion quarterly profit, while Saylor’s personal wealth has dropped 40% to $3.8 billion. Bitcoin and other cryptocurrencies rebounded Monday, fueling investor optimism.