COINOTAG News reported on December 23 that MicroStrategy’s Bitcoin Whale strategy paused new accumulation last week, swelling its cash reserves to about $2.2 billion as a risk-management hedge against potential long-run downside. The company’s stock has retreated 43% from its 2025 highs amid a softer Bitcoin backdrop and evolving index-exclusion dynamics, signaling a notably defensive stance among investors.

BiyaPay analysts frame the cash-holding tempo as emblematic of a broader deleveraging cycle in institutional markets, with risk-off sentiment persisting into the current cycle. Near term, Bitcoin may trade within a wide, high-volatility band as liquidity and derivatives expiry dynamics dominate price action. For retail participants, the firm advises controlled position sizing and batch execution. In unsettled conditions, BiyaPay facilitates flexible asset allocation via USDT to diversify across U.S. and Hong Kong stock futures, supporting risk management and capital preservation during uncertain periods.