Strategy has paused Bitcoin purchases for five weeks while building a US$3.75 billion cash reserve. Here is what the shift means for MSTR shareholders, Bitcoin and Michael Saylor’s famous accumulation strategy.

November 2025 has delivered crypto's worst month since the 2022 FTX collapse, with Bitcoin plunging 25% and total market cap dropping below $3 trillion. Yet beneath the bloodbath lies unprecedented institutional momentum that could fuel a December rally.