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Bitcoin Bounces, But Strategy’s Buying Power Is Low On Fuel

Published: Thursday, December 18, 2025 · 11:49 AM  |  Updated: Thursday, December 18, 2025 · 11:49 AM

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Strategy is going full-throttle to avoid a scenario that Chairman Michael Saylor and CEO Phong Le have discussed recently, which could see the firm’s enterprise value fall below the value of its bitcoin holdings. Despite Strategy scooping up more than 20,000 bitcoin in the past two weeks, the bitcoin price hasn’t emerged from its slump, failing to rally like gold and silver after last week’s Federal Reserve rate cut and relatively dovish outlook. As MSTR stock fails to get traction, Strategy may be running low on fuel to keep buying bitcoin.

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