According to CryptoSlate, a number of institutions actively reduced their exposure to Strategy (MSTR) in the third quarter of 2025, reducing their holdings by about $5.40 billion. It is worth noting that Bitcoin remained around $95,000 during the same period, and MSTR stock prices were basically sideways, which means that it is not passive position squaring, but institutions actively downsizing.
CapitalInternational, Vanguard, BlackRock, Fidelity and other top funds have all reduced their positions significantly, indicating that Wall Street is gradually moving from the old path of "MSTR as a bitcoin proxy" to more direct and compliant bitcoin exposures (such as spot ETFs and custody schemes).
A number of institutions Q3 reduction strategy, the scale of reduction of about 5.40 billion US dollars
2025-11-24 07:07:33
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