Strategy’s Bitcoin Appetite Dries Up In 2025 — What Happened?
What’s Going on with Strategy?
Gather ‘round, crypto enthusiasts! Today, we’re diving into the peculiar case of Strategy, the corporate Bitcoin heavyweight helmed by the not-so-shy Michael Saylor. Once known for gobbling up Bitcoin like it was the last slice of pizza at a party, they’ve suddenly become like that friend who just stares longingly at the pizza box. Yup, according to CryptoQuant, their Bitcoin purchasing has practically nosedived this year.
The Great Bitcoin Diet
Now let’s get to the juicy details. Back in 2024, Strategy was living large, accumulating around 134,000 BTC in a month. Fast forward to November 2025, and those numbers have dropped to a mere 9,100 BTC – that’s a staggering 93% drop! This December, they’re practically fasting, with only 135 BTC bought so far. Talk about a drastic diet!
Bear Market Preparations
What could explain this sudden withdrawal from the market? Well, it looks like Strategy is fattening its wallet with cash reserves of about $1.4 billion. Peter Pan over here is more focused on keeping the lights on than collecting Bitcoin like Pokémon cards. This shift suggests they’re playing the long game, preparing for a bear market rather than indulging in wild purchases.
The Single Bitcoin Binge
Now, don’t get me wrong. On November 17, 2025, Strategy did make a significant purchase of around 8,178 BTC worth about $835 million. That’s a pretty penny! It was the largest buy since July and brought their total stash to nearly 649,870 BTC. But alas, that solitary feast didn’t change the overall trend – they’re still cruising at a much slower pace.
What This Means for the Market
Market analysts are raising their eyebrows at this slowdown. If other corporate giants start pulling similar stunts, the structural demand that once cradled Bitcoin prices could weaken. Some traders are taking this as a sign of preparing for a colder crypto winter, while others are saying that with nearly 650,000 BTC, Strategy can afford to chill on purchasing without having to panic sell. I mean, it’s like having a trusting friend on speed dial when things get tough!
What to Watch For
Keep your eyes peeled on those monthly purchase totals and any changes in Strategy’s cash stash. Will they jump back into Bitcoin buying like a kid in a candy store, or will this new, chill vibe become their new normal? And don’t forget to check on other corporate treasuries; if everyone hits the brakes at once, we could see the Bitcoin supply get tighter than your favorite pair of jeans after the holiday feasts!
In the world of Bitcoin, the game is always changing, so let’s keep our popcorn ready and watch the show unfold!