Did Strategy Pause Its 6-Week Bitcoin Buying Streak? | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 25 November 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

When will Strategy buy bitcoin again? Strategy appeared to make no bitcoin purchases last week, after a run of six consecutive weekly buys. The pause comes as MSTR trades roughly 70% below its all-time high, with its multiple to net asset value sitting just above 1, the lowest level of the current cycle. When will Strategy buy again? CoinDesk's Sam Ewen hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Need liquidity without selling your crypto? Take out a ⁠⁠⁠⁠⁠Figure Crypto-Backed Loan⁠⁠⁠⁠⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today at Figure! ⁠⁠⁠⁠⁠https://figuremarkets.co/coindesk⁠⁠⁠⁠⁠ - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption.Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠geniusgroup.ai/coindesk-bitcoin-treasury-month/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	You are watching CoinDest Daily, and I'm your host, Sam Ewan.
0:09.0	Strategy seems to have hit the pause button on its Bitcoin accumulation, ending a six-week streak of consecutive purchases.
0:15.0	Executive Chairman Michael Saylor, who typically previews buys on Sundays and confirms them Monday mornings on X remains silent this week.
0:22.6	The buying hiatus comes as Microstrategy stock trades 70% below its all-time high.
0:27.8	The company's premium to its Bitcoin holdings, its MNAV, has also compressed to just above 1.0,
0:33.3	the lowest level of the current cycle.
0:35.1	The firm currently holds nearly 650,000 Bitcoin with an average
0:39.5	cost basis of roughly 74,400. Utility or privacy, the transparency of traditional blockchains
0:46.0	forces a difficult choice. Break free from this limitation with midnight.
0:50.1	CoinDest Bitcoin Treasury Month is brought to you by Genius Group, a Bitcoin Treasury company listed on the NYSE under the ticker, GNS.
0:58.7	Looking for the best way to unlock your crypto's liquidity? Take out a crypto-back loan with Figure today.
1:04.7	A massive block trade executed on Monday shows that sophisticated players are bending on a Bitcoin rebound above $100,000 by the year end.
1:12.9	Data from Deribit reveals a trader opened a call Condor strategy with a notional value of $1.76 billion.
1:20.3	The structure pays out maximum profit if Bitcoin finishes the year between $106 and $112,000.
1:26.8	The bet signals a nuanced, bullish view, expecting a rally, but not an explosive breakout
1:32.1	to fresh record highs above $126,000.
1:35.0	This comes as Bitcoin slightly warms up just below $88,000.
1:39.0	XRP exploded through critical resistance levels after surging nearly 7%. This comes as the ETF launches from major issuers delivered the strongest wave of institutional
1:49.2	demand that the asset has seen since early summer. The launch of Franklin Templeton's
1:53.4	XRP and Grayscale's GXRP triggered a rotation of capital into the asset. While the broader
2:00.0	crypto market suffered billions in
2:01.7	outflows, XRP bucked the trend with nearly $180 million in inflows. The token broke the $2.12
	...

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