Wall Street withdraws US$ 5.4 billion from Strategy (MSTR) amid decline and weakness of $BTC
(BTC) in Q3 2025 Various major institutions in the United States — including names like Capital International, Vanguard, BlackRock, and Fidelity — collectively reduced their positions in Strategy (MSTR) by approximately US$ 5.4 billion in the third quarter of 2025 (Q3 2025). Each institution individually reduced its exposure to Michael Saylor's company by more than US$ 1 billion in the third quarter of this year. Just in the last month, the market value of Strategy dropped 41% on North American exchanges
Bitcoin Treasury Companies are focused on accumulating part of their reserves and cash in bitcoin (BTC), and Strategy is the largest of them, with a reserve exceeding 649,870 units of BTC, equivalent to about US$ 57.48 billion at current prices, around US$ 88,455.
It is true that, over the three months of the third quarter, bitcoin increased by 6.40%. However, between the end of last quarter and the beginning of this quarter, BTC saw its prices fall by more than 20% and, from the highs, about 30% — officially placing the world's largest cryptocurrency in a bear market.
Strategy and bitcoin (BTC) on a tightrope
Even internally, the situation does not seem favorable: the EVP (Employee Value Proposition) of Strategy, Shao Wei-Min, sold 58,004 MSTR shares, valued at approximately US$ 13 million in the last 10 days. Concerns are rising, as Strategy may be removed from important stock indices due to the bitcoin accumulation strategy being considered risky and the recent drop in stocks, which would force index funds (ETFs) to liquidate their positions, amplifying market pressure.
Supporters of BTC and Strategy are now calling for a boycott of JPMorgan, which highlighted the possible exclusions.