Several institutions reduce holdings in Strategy, with a reduction scale of approximately 5.4 billions USD

ChainCatcher reported that multiple institutions have proactively reduced their exposure to Strategy (MSTR), with the scale of the reduction reaching approximately $5.4 billion.

It is worth noting that during the same period, bitcoin remained around $95,000, and MSTR's stock price also traded sideways. This indicates that the reduction was not due to forced liquidation, but rather a proactive reallocation by institutions. Leading funds such as Capital International, Vanguard, BlackRock, and Fidelity all made significant reductions. According to reports, this suggests that Wall Street is gradually shifting from the old path of using "MSTR as a bitcoin proxy" to more direct and compliant bitcoin exposure, such as spot ETFs and custody solutions.