Bitcoin Accumulation Continues: Strategy Purchases 1,287 BTC Amid Rising Prices

Strategy, previously known as MicroStrategy, has made headlines again with a recent Bitcoin acquisition. The company has bought an additional 1,287 BTC, raising its total holdings to approximately 672,497 BTC. However, despite its Bitcoin purchases, the firm’s stock has suffered a notable decline this year, and potential exclusion from the MSCI index presents further challenges.

Key Takeaways

Strategy has acquired 1,287 BTC, bringing its total holdings closer to 680,000 BTC.
The firm’s stock (MSTR) has dropped over 50% in 2025, now trading at around $163.
Strategy faces possible delisting from the MSCI index, which could have significant implications for its stock value.
If delisted, the company could see up to $8.8 billion in outflows.
Despite challenges, there is renewed optimism in the cryptocurrency market with rising prices for Bitcoin and other digital assets.

Strategy

Bitcoin Purchases Amid Stock Challenges

On Monday, Strategy, formerly MicroStrategy, disclosed a fresh acquisition of Bitcoin (BTC) in a filing with the US Securities and Exchange Commission (SEC). This recent purchase adds to the firm’s substantial holdings, which now stand at 672,497 BTC, moving them closer to their target of nearly 680,000 BTC.

Analysts, including Lirrato on social media platform X, noted that Strategy acquired 22,498 BTC just in December. To reach its goal of 680,000 BTC by January, the company requires an additional 7,503 BTC—a target they exceeded last month.

However, amidst this optimistic Bitcoin acquisition, the company’s stock (MSTR) has experienced a marked decline, with a loss of over 50% throughout 2025, currently trading at around $163 on Monday.

Strategy The daily chart illustrates MSTR’s decline over recent months. Source: MSTR on TradingView.com

Compounding the issues, Strategy may face delisting from the Morgan Stanley Capital International (MSCI) index imminently, pending a formal announcement. In a proposal from October, MSCI indicated that companies holding digital assets exceeding 50% of their total assets should be removed from its global benchmarks, arguing that these companies operate similarly to investment funds, which the indexes do not include.

Preparing for Potential Financial Struggles

Currently, MSCI is conducting a public consultation, and should they decide to exclude Digital Asset Treasury (DAT) companies such as Strategy, this could set a precedent that other index providers might follow.

In a public letter, Strategy’s CEO, Phong Le, and co-founder Michael Saylor discussed the far-reaching implications of an MSCI exclusion. They estimated that such a decision could trigger the liquidation of approximately $2.8 billion of the company’s stock, leading to a potential chilling effect across the industry.

According to analysts from TD Cowen, around $2.5 billion of Strategy’s market value is tied to MSCI, with an additional $5.5 billion reliant on other indexes. JPMorgan’s analysis further reveals that exclusion from MSCI could result in $2.8 billion in outflows, a figure that might rise to $8.8 billion if Strategy were delisted from additional indexes, including the Nasdaq 100 and various Russell indexes managed by the London Stock Exchange Group (LSEG).

In addition to these potential hurdles, Strategy may soon face significant financial losses that starkly contrast the $2.8 billion profit they reported during the previous year's third quarter. Furthermore, the Bloomberg Billionaires Index indicates a dramatic decline in Michael Saylor’s personal wealth, which has dropped roughly 40% to about $3.8 billion amid the downturn.

Nonetheless, on Monday, cryptocurrency prices showed a significant rebound, with Bitcoin and other digital assets such as Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and XRP recovering above important levels, reigniting optimism among investors.

Featured image from DALL-E, chart from TradingView.com