Michael Saylor’s firm, Strategy, holds a record 672,497 BTC worth $59 billion, making it the world’s largest Bitcoin treasury. Despite this, Strategy’s stock is ending the year on a low note, facing pressure from potential delisting and a market net asset value approaching 1. To counter this, Strategy launched a $1.44 billion cash reserve, aiming to maintain liquidity to withstand Bitcoin’s volatility. The company also increased its USD reserve by $747.8 million, reaching $2.19 billion as of December 21.

2025 was a challenging year for MSTR holders, as the stock fell to $153.26 on December 31. Shares have lost over 50% in the last three months and 62.19% in the past six months, trading at roughly 1x Bitcoin net asset value. Bulls see $155 as a prime entry point, while skeptics debate whether the stock is washed out or a value trap as Bitcoin eyes $100,000.

Crypto investor Crypto GEMs mentioned being extremely bullish at $155, while trader and analyst Jake Wujastyk noted a potential “big 1-3 day short squeeze” on the horizon. This news was first reported by TheStreet on December 31, 2025, detailing Strategy’s struggles and the challenges it faces in the market.

Read more at Yahoo Finance: Michael Saylor’s MicroStrategy plunges on New Year’s Eve