Strategy Says It Might Sell Up to $1.25 Billion in Bitcoin. So Is MSTR a Buy, Sell, or Hold Right Now?

Strategy (MSTR), a company that built its business model around buying and holding Bitcoin as a 'Bitcoin treasury,' is now planning to sell up to $1.25 billion in Bitcoin to fund stock buybacks, preferred stock payments, and build cash reserves. This strategic shift signals that the simple buy-and-hold model is no longer sustainable following Bitcoin's 50% decline from its 2025 high. The move raises concerns about whether cryptocurrency enthusiasm is waning, with investors potentially shifting to other assets like prediction markets.