Multiple Institutions Q3 Sell-off Strategy, Sell-off Size Approximately $5.4 Billion

BlockBeats News, November 24th, according to CryptoSlate, several institutions actively reduced their exposure to MicroStrategy (MSTR) in the third quarter of 2025, with the divestment scale of about $5.4 billion. It is worth noting that during the same period, Bitcoin remained around $95,000, and MSTR's stock price also remained relatively flat, indicating that this was not forced liquidation but rather institutions proactively rebalancing their portfolios.

Top funds such as Capital International, Vanguard, BlackRock, and Fidelity all made significant reductions, with reports indicating that Wall Street is gradually shifting away from the old approach of viewing MSTR as a proxy for Bitcoin and moving towards more direct and compliant Bitcoin exposure (such as through spot ETFs and custody solutions).