Key Notes
- Strategy’s monthly Bitcoin buys collapsed 93% year-over-year.
- The company now prioritizes a dual-reserve structure.
- Hamak Strategy is preparing a $3M capital injection to grow BTC treasury.
The world’s largest Bitcoin
BTC
$93 093
24h volatility:
0.1%
Market cap:
$1.86 T
Vol. 24h:
$74.05 B
treasury company, Strategy (formerly MicroStrategy) saw its monthly BTC buys dropping from the November 2024 peak of 134,500 BTC to just 9,100 BTC in November 2025, a massive 93.3% drop.
According to on-chain analytics firm CryptoQuant, this month, Strategy has picked up only 135 BTC so far, which at current prices of $93,000, are worth $12.6 million.
After the explosive 134.5K BTC surge in November 2024 and a strong 59.7K BTC follow‑through in December, Strategy’s accumulation cooled through early 2025. Purchases stabilized near the 25K–35K BTC from March to July before collapsing into single‑digit‑thousand levels by late 2025.
Strategy Goes Defensive
The 24‑month spending buffer indicates a defensive position. Strategy is preparing for a longer period of market weakness and instead of issuing equity and convertibles to scale its Bitcoin buys, the company is taking a new approach for its balance‑sheet strategy.
As per an announcement earlier this week, Strategy raised $1.44 billion through common‑equity issuance to build a dedicated US dollar reserve, specifically to cover at least twelve months of dividend and interest obligations. The company aims to expand that time to 24 months.
This new dual‑reserve model combines long‑duration Bitcoin holdings with short‑duration USD liquidity.
This reduces the likelihood of forced Bitcoin sales during sharp BTC price drops while giving the company optionality to hedge or liquidate portions of its holdings if BTC drops to lower levels.
With 650,000 BTC now under management, roughly 3.1% of the 21 million BTC supply, Strategy now predicts a year‑end 2025 Bitcoin price range of $85,000 to $110,000.
Hamak Strategy Prepares a $3M Capital Injection
On the other hand, the UK‑listed Hamak Strategy Ltd. is moving forward with a fresh funding package of a gross value of £2.5 million, roughly $3.15 million. The firm will strengthen its gold reserves and boost its Bitcoin treasury as well.
Hamak has also secured an at‑the‑market issuance facility worth up to £30 million (about $37.8 million) which grants it the flexibility to raise capital on demand while retaining full discretion over pricing and volume.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
Source: https://www.coinspeaker.com/strategy-bitcoin-bets-fall-93-hamak-strategy-raises-3m-to-bolster-its-btc-treasury-and-gold-exploration/
