{"id":381373,"date":"2026-01-01T09:18:12","date_gmt":"2026-01-01T09:18:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/381373\/"},"modified":"2026-01-01T09:18:12","modified_gmt":"2026-01-01T09:18:12","slug":"michael-saylors-microstrategy-plunges-on-new-years-eve","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/381373\/","title":{"rendered":"Michael Saylor\u2019s MicroStrategy plunges on New Year\u2019s Eve"},"content":{"rendered":"\n

If one thing we have learned about Michael Saylor in 2025, it\u2019s this: he is never going to say ‘no’ to Bitcoin <\/a>(BTC).<\/p>\n

Saylor\u2019s firm, Strategy (Nasdaq: MSTR), earlier MicroStrategy, holds a\u00a0record\u00a0<\/a>672,497\u00a0BTC, worth roughly $59 billion. This makes Strategy the world’s largest Bitcoin treasury.<\/p>\n

However, the company’s stock is ending the year on a low.<\/p>\n

Related: Michael Saylor ‘reveals’ 21 truths of Bitcoin<\/a><\/p>\n

For most of 2025, Strategy had a smooth sailing. It was only in the last couple of months that things turned rough.<\/p>\n

The company came under considerable pressure, and still is, amid risks of\u00a0being\u00a0delisted<\/a>\u00a0from the MSCI USA Index, as Morgan Stanley Capital International (MSCI) considers excluding public companies with more than 50% of their assets tied to digital assets from its indices.<\/p>\n

Strategy also faced pressure as its market net asset value (mNAV) approached 1,<\/a> meaning the company\u2019s equity value now mirrors the value of its underlying Bitcoin holdings, with no premium from the market.<\/p>\n

To counter this, it launched a cash reserve to complement its Bitcoin reserve. On Dec. 1, the company built a cash reserve <\/a>worth $1.44 billion to support dividend payments on preferred stock and service debt obligations.<\/p>\n

\"\"<\/a> <\/p>\n

Strategy aims to maintain a balance sufficient to cover at least 12 months of dividends, with long-term plans to extend that coverage to 24 months or more. The goal is to have enough liquidity to withstand Bitcoin\u2019s volatility.<\/p>\n

Last week,\u00a0Strategy\u00a0increased<\/a>\u00a0<\/a>its U.S. dollar reserve by $747.8 million, using proceeds from the sale of its MSTR common stock to fund the cash raise.<\/p>\n

With the latest accumulation, the company\u2019s USD reserve reached $2.19 billion as of Dec. 21. Strategy said it may adjust the reserve \u201cfrom time to time based on market conditions, liquidity needs, and other factors.\u201d<\/p>\n

“2025 was a year to forget for $MSTR holders,” wrote<\/a> Shay Boloor, Chief Market Strategist of Futurum Equities.<\/p>\n

On the last day of the year, MSTR stock fell to $153.26 on Dec. 31.<\/p>\n

But its long-term performance gives the bigger picture.<\/p>\n

Shares have lost over 50% in the last three months, now trading at roughly 1x Bitcoin net asset value and underperforming spot Bitcoin ETFs like BlackRock\u2019s iShares Bitcoin Trust (IBIT).<\/p>\n

In the past six months, the drop is even sharper, a 62.19% decline at current prices, largely driven by share dilution from aggressive Bitcoin purchases.<\/p>\n

Bulls view $155 as a prime entry point, with technical indicators hinting at a potential rebound, while skeptics cite high debt, volatility, and lagging performance, debating whether the stock is washed out or a value trap as Bitcoin eyes $100,000.<\/p>\n

Crypto investor Crypto GEMs said<\/a>:<\/p>\n

\u201cI was bullish with $MSTR at $300. More bullish at $200. And now I\u2019m extremely bullish at $155. Patience will pay.\u201d<\/p>\n

Meanwhile, trader and analyst Jake Wujastyk<\/a> noted that there is a potential “big 1\u20133 day short squeeze” on the horizon.<\/p>\n

Related: MicroStrategy breaks into Nasdaq 100, amplifying Bitcoin\u2019s reach<\/a><\/p>\n

This story was originally published by TheStreet<\/a> on Dec 31, 2025, where it first appeared in the Trading News & Analysis<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"If one thing we have learned about Michael Saylor in 2025, it\u2019s this: he is never going to…\n","protected":false},"author":2,"featured_media":381374,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,186127,186125,24781,186126,8620],"class_list":["post-381373","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-cash-reserve","tag-michael-saylor","tag-microstrategy","tag-morgan-stanley-capital-international","tag-strategy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/381373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=381373"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/381373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/381374"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=381373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=381373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=381373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}