Strategy skips a buy — Should we worry? 🤔

PLUS: MSCI threat looms, capital slows, XRP ETFs intensify, Fed sends mixed signals, and ZEC’s surprise surge gets labeled exit liquidity.

Author

Cryptopolitan News
November 25, 2025 • Estimated Reading Time: 8 minutes

SACHI is a free-to-play, immersive gaming universe that combines next-gen gameplay with real social connection and rewarding experiences. Step into living worlds where players compete, create, and connect - shaping a new era of entertainment built around community, play, and real rewards.

For the first time in months, Strategy refrained from purchasing Bitcoin, signaling a potential shift in its investment strategy.

Already burdened by massive liquidations, MSCI index concerns, and waning BTC momentum, the company's usual buying spree has come to a halt. So when Monday came without a fresh buy, traders couldn't help asking: “Is the playbook running out of steam?”

The moment was made more intense as Michael Saylor, once again, gave his customary Sunday teaser, but this time the message was empty.

This pattern, now seen as a warning in hindsight, should have already been ingrained in trading strategies.

Why Strategy paused

Strategy spent the past month buying BTC while prices fell, and did so on an increasingly large stack of preferred share offerings (each bringing new obligations to meet and dividends to keep).

By standing down this week, however, the company signaled a new era: the fundraising engine is slowing.

In the past year, Strategy raised a total of $21 billion, but only $11.9 billion came from common shares, marking a significant drop from the previous year's pace due to dilution, falling prices, and investor fatigue.

MSTR now trades at $173, far below the level where new issues make sense and perilously close to breaking the entire playbook's economics.

MSCI Threat Still Looms The pause also comes at a time when MSCI is considering pulling cryptocurrency treasury companies from its global indices.

If it does, funds will be forced to sell MSTR automatically, dragging drainage and sentiment both. For a company living off the capital market, this is existential.

What’s next?

Despite the wobbles, Saylor insists Strategy is still a "holder for the long term".

But the meter is working against them: more than 40% of BTC it holds is underwater and as of 3Q, BTC was only ~15% up from its average cost. For now the market interprets this week just like it is: Not a crash. Not a turnaround.

But a small setback for a company that has consistently maintained its strategy.

📊 Poll — What’s your read on Strategy skipping the buy?

Why do you think Strategy paused its weekly BTC purchase?

Login or Subscribe to participate in polls.

📊 Market Watch

1️⃣ XRP ETF wars heat up

Franklin Templeton has launched its new XRPZ ETF, and joins Bitwise, Grayscale and Canary Capital in the XRP arena, but no sign of BlackRock yet.

Early buys and an 8% ripper in XRP’s value prices suggest that institutions are nibbling but some analysts argue that BlackRock won’t sit idly by which is keeping their predictions for XRP a bit lower than the hype.

2️⃣ Fed signals December cut… with drama

Fed Governor Chris Waller says he personally desires a rate cut in December due to a weakening labor market, but notes that January could reverse the narrative as we get delayed data.

With the FOMC divided, Powell is remaining quiet and odds swinging between 30% and 70%, markets are counting down to the most political rate call of the year.

3️⃣ ZCash suddenly outperforms ETH and SOL

ZCash recently printed its highest on-chain activity in years, beating that of Ethereum and Solana in 30-day fee generation.

A speculative run above $700 and rising usage in its privacy pool helped lift ZEC to generate $47.5M in fees, second only to TRON. But between short-dominance and a whale-led sell-off, analysts warn this looks more like exit liquidity than renewed market cycle.

👀 Are You Watching?

The SEC just granted a no-action letter for the FUSE token, they’re saying “this isn’t a security,” as long as Fuse doesn’t deviate from its sustainability-rewards model.

That makes fuse one of a very small number of tokens in the U.S. with actual regulatory clearance, and it’s part of a pattern: projects based on real-world utility are getting green lights while speculative tokens remain under aggressive government scrutiny.

 🐤 Top Tweets

🎭 Culture Watch

Nvidia just hit back at Michael Burry for claiming it fanned a $610 billion circular-financing fraud and hid depreciation throughout the AI industry

In a memo sent quietly to analysts, they call him “detached from how our business works.”

Nvidia says:

  • No special-purpose vehicles

  • No vendor financing

  • No hidden guarantees

  • And no roundabout cash passes anywhere in its filings

Its strategic investments? Only ~$4B this year: which is miniscule compared to its revenue and the world’s private-capital pool.

Burry, meanwhile, cautions that hyperscalers are stretching useful-life assumptions to pump up earnings, which he claims can understate depreciation by $176B through 2028.

Raymond James pushed back, arguing that it is hard to square a case of “systemic fraud” with Nvidia’s fundamentals or with the shape of the current AI investment cycle.

This fight is not about one company.

It’s the bigger question that everyone in tech and markets is asking:

Is the A.I. boom clean or are we playing old accounting games on a trillion-dollar scale? 

Headline picks by our cat

Join the Conversation!

We'd love to hear your thoughts and comments. Join our community and stay updated with the latest trends and discussions in crypto.