Why It Matters: MSCI’s decision could directly affect passive funds tracking indexes and companies’ digital asset strategies.

Bitwise Reacts and Stresses Neutrality

Bitwise publicly opposed MSCI’s proposal to remove Strategy from indexes. The company emphasized that indexes should reflect the market accurately rather than assess individual business models. According to Bitwise, Strategy’s Bitcoin operations are unique, generating long-term value. The statement also urged MSCI to reconsider, warning that the change could limit investor opportunities and create disadvantage.

“We were deeply disappointed to learn MSCI proposed removing Strategy from the Global Investable Market Index. Indexes should remain neutral and reflect the market rather than judge business models.”

Bitwise added that exchange-traded products cannot replicate Strategy’s operational approach, which has created shareholder value. The proposed MSCI rule would restrict investor access to digital asset investments and their industry leaders.

Strategy’s Official Letter and Industry Reactions

Strategy sent a 12-page letter to MSCI, criticizing the plan to remove companies with over 50% digital assets from global indexes. Key points included:

• 50% digital asset threshold is not applied to other industries

• Different accounting standards create unequal treatment

• Removal from indexes could generate investor uncertainty and market chaos

• The proposal conflicts with U.S. digital asset innovation policies and the Strategic Bitcoin Reserve initiative

Strategy noted that Bitcoin price fluctuations and accounting differences could cause companies with BTC reserves to enter and exit indexes repeatedly, creating investor confusion. MSCI claims these companies behave more like investment funds than traditional businesses. Critics argue the definition ignores operational activities and calls the 50% limit arbitrary.

Market Implications and Analyst Opinions

MSCI’s plan may directly impact Strategy’s $61 billion BTC reserve and passive funds tracking the indexes. The final decision, expected on January 15 before the February index rebalance, is critical for investors. Analysts estimate a potential $2.8 billion passive fund outflow if Strategy is removed, rising to $8.8 billion if other index providers follow. CEO Michael Saylor clarified that Strategy is not an investment fund and index classification does not define its operations.

Bitwise and Strategy’s responses have renewed debate over MSCI’s digital asset criteria, highlighting the importance of index neutrality. This discussion could influence crypto ETFs, digital asset strategies, and blockchain regulation, shaping investor behavior.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitwise Criticizes MSCI’s Strategy Index Decision appeared first on Coin Engineer.

The World Gold Council’s latest data shows that central banks purchased a net 53 tons of gold in October, marking the strongest monthly demand of 2025. Poland and Brazil led the buying trend, followed by several emerging-market economies seeking to diversify away from the US dollar. This renewed appetite reflects shifting reserve preferences across developing countries.

Poland added 16 tons in October, lifting its reserves to 531 tons, around 26 percent of its total foreign assets. Brazil also bought 16 tons, while Uzbekistan added 9 and Indonesia 4. Türkiye, the Czech Republic and Kyrgyzstan increased holdings by 2 to 3 tons. Ghana, China, Kazakhstan and the Philippines expanded reserves gradually, whereas Russia reduced its holdings by 3 tons to 2,327.

Central banks are ramping up gold purchases:

Global central banks purchased +53 tonnes of gold in October, the most since November 2024.

This marks a +194% jump compared to July, and the 3rd-straight monthly acceleration.

In the first 10 months of the year, central banks have… pic.twitter.com/7pZWyEjjvf

— The Kobeissi Letter (@KobeissiLetter) December 4, 2025

A New Phase in the US Bitcoin Debate

The United States has intensified its discussion around Bitcoin after establishing a national BTC reserve framework. The initiative became official with a presidential order in March 2025, designating Bitcoin as a national reserve asset and placing about 200,000 BTC under Treasury management through seized funds. Analysts argue this approach could influence long-term debt dynamics, though others warn that large-scale government accumulation may impact market stability.

Momentum is also growing at the state level. In November, Texas became the first US state to purchase Bitcoin for its treasury, investing 10 million dollars through BlackRock’s spot ETF during a price dip. Seventeen states are now reviewing similar reserve legislation, signaling deeper integration of digital assets into public finance.

A Global Shift Toward Digital Reserves?

The trend is not limited to the United States. Governments across Asia and Europe are reassessing their reserve compositions and considering whether to include digital assets. Countries aiming to reduce reliance on the US dollar are exploring alternatives more actively.

Forecasts vary among analysts. VanEck estimates that acquiring one million Bitcoin by 2029 could offset roughly 18 percent of US federal debt by 2049. CoinShares highlights potential benefits for technological leadership and inflation protection, while Chainalysis warns of instability if multiple nations accumulate BTC simultaneously.

Some projections suggest Bitcoin may appear on central bank balance sheets by 2030, complementing gold as a dual safe-haven structure. As the global economic order evolves, countries are accelerating their search for next-generation reserve strategies, and digital assets are becoming an increasingly important part of that conversation.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Central Banks After Gold: Are They Turning to Bitcoin Next? appeared first on Coin Engineer.

What Does “Last-Resort” Mean?

Phong Le emphasized that the company’s strategy of buying and holding Bitcoin is inherently long-term, and that this approach is both intentional and necessary. The desire to sell is not the company’s main strategy; rather, it would only be an option in case of necessity. A possible scenario in such a case can be described as follows:

If the market value of MSTR shares falls below the company’s net asset value (NAV) and the company cannot find other sources to meet dividend or debt obligations. In such a situation, selling Bitcoin would be considered “mathematically” justifiable. However, Le does not expect this to happen easily.

This article may also interest you: Are Low Stablecoin Yields a Signal for Ethereum’s Rise?

Saylor’s Bitcoin Purchases Continue

Despite the decline in share prices, there is no change in MicroStrategy’s Bitcoin-based roadmap.

The company’s founder and chairman, Michael Saylor, reiterated his commitment on X, stating that he will not back down.

On November 17, the company announced the purchase of 8,178 Bitcoins. The value of this purchase is $835.6 million, representing a significant increase compared to previous weeks, as recent weekly average purchases were around 400–500 BTC.

With this latest acquisition, MicroStrategy’s total Bitcoin holdings have risen to 649,870 BTC, valued at approximately $56 billion at current prices.

MicroStrategy (Strategy) Nedir?

For the latest crypto news, click here.

The post Will Microstrategy Sell Bitcoin? | Desperation appeared first on Coin Engineer.

This accumulation makes Strategy one of the largest institutional holders of Bitcoin worldwide, often described as a major whale in the crypto market. Yet, investors have noticed that the pace of purchases has slowed compared to the aggressive buying seen during the summer of 2025. 

Declining Purchases Raise Investor Questions 

The reduction in Bitcoin acquisitions has fueled speculation about a potential strategic shift. During the same period, Bitcoin gained 22% in value, while Strategy shares increased by only 9%. This performance gap has worried investors, as the company’s stock is designed to reflect Bitcoin’s growth. 

Moreover, Strategy has financed these purchases through stock sales. Recently, the firm issued 3.2 million new shares, leading to a dilution of nearly 94%. Analysts warn that such heavy dilution could undermine shareholder confidence and raise questions about the sustainability of Strategy’s financial model. 

Michael Saylor’s Long-Term Bitcoin Commitment 

CEO Michael Saylor continues to emphasize the company’s commitment to Bitcoin as a long-term strategy. He has repeatedly stated that holding BTC is a hedge against inflation and a key driver of corporate value. However, with increased stock dilution and a noticeable lag in share performance, investors are beginning to question the effectiveness of this approach. 

Still, many long-term supporters view Strategy’s vast Bitcoin reserves as a strong foundation for future growth. They argue that despite market volatility, the company remains uniquely positioned to benefit from Bitcoin’s long-term trajectory. 

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

What is MicroStrategy (Strategy)?

The post Strategy Slows Bitcoin Purchases Amid Market Concerns in 2025 appeared first on Coin Engineer.

Bitcoin Reserves and Transfers

At the end of Q1 2025, Tether held 92,650 BTC. By Q2 2025, this number dropped to 83,274 BTC. At first glance, it looked like a sale. However, on June 2, 14,000 BTC, and in July, an additional 5,800 BTC, were transferred to XXI Capital. In total, 19,800 BTC were allocated to Tether’s new initiatives, meaning the report underestimated the actual reserves. 

Correct.
Tether didn't sell any Bitcoin. As Samson says below, it contributed part of its stash into XXI.

While the world continues to get darker, Tether will continue to invest part of its profits into safe assets like Bitcoin, Gold and Land.

Tether is the Stable Company. https://t.co/4KxdeNEsOE

— Paolo Ardoino (@paoloardoino) September 7, 2025

Tether’s Bitcoin and Gold Strategy

Tether CEO Paolo Ardoino clearly denied the claims. He confirmed that no BTC was sold and that transfers to XXI Capital were planned moves. Additionally, Tether continues investing in both Bitcoin and gold simultaneously. Q2 2025 data shows gold reserves reaching $8.7 billion, while combined gains from Bitcoin and gold totaled $2.6 billion. 

Tether’s gold strategy extends beyond simple investments. The company injected $100 million into Elemental and played a role in its merger with competitor EMX. It also engaged with Terranova Resources, based in the British Virgin Islands, though no agreement was reached. Tether operates its gold-backed token XAUt and provides short-term financing for commodity trade, creating a multi-billion-dollar portfolio. Meanwhile, similar initiatives are rising across the industry. Nasdaq-listed Blue Gold plans to issue digital tokens for future production from its Ghanaian mine. 

Tether continues diversifying beyond crypto markets into real assets, with investments in gold mining and refining. Total Bitcoin holdings, including XXI Capital, now exceed 100,000 BTC, maintaining Tether’s strong position in the crypto ecosystem. 

Ultimately, Tether neither sold Bitcoin nor reduced its reserves. This ensures stable growth across both crypto holdings and tangible assets. 

 You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Did Tether Sell Bitcoin? CEO Statement and 2025 Report Insights appeared first on Coin Engineer.

This development signals that Bitcoin and similar digital assets are now viewed not only as investments but also as core balance sheet items. The transformation in the corporate world is especially notable as large firms increasingly adopt crypto as a strategic tool. 

Strategy Inc. stands out as a pioneer in this trend. The company raised over $10 billion in 2025 to expand its BTC reserves. This aggressive move boosted its stock performance to new heights and inspired other companies. 

https://twitter.com/HODL15Capital/status/1948728547809325485

Meanwhile, Japan-based Metaplanet and US miner Marathon Digital also raised significant funds for large-scale crypto investments. Both firms focus primarily on leading digital assets like Bitcoin and Ethereum. 

Growing Interest in Ethereum and Other Assets 

Since June, about 100 companies have announced plans to raise over $43 billion for acquiring crypto assets. These firms aim to allocate funds to Bitcoin, Ethereum, XRP, and other digital assets. 

This trend highlights that institutional investors are placing digital assets at the center of their long-term strategies. BitMine Immersion Technologies aims to raise up to $5 billion specifically for Ethereum reserves. 

SharpLink is also seeking hundreds of millions in capital aligned with its Ethereum strategy. The company is led by Joseph Lubin, one of Ethereum’s co-founders. 

Additionally, institutional investors are not limiting themselves to BTC and ETH. Some firms have invested millions in assets such as XRP, Ethena, and BNB as part of their treasury strategies. 

Analysts Warn: Risks for Shareholders Should Not Be Ignored 

Alongside this rising trend, some analysts have raised concerns about companies’ funding models. Matthew Sigel, head of digital asset research at VanEck, highlighted potential risks in frequently used at-the-market (ATM) fundraising programs. 

According to Sigel, these programs may diminish shareholder value if stock prices fall below net asset value (NAV). He recommends halting ATM programs if prices remain under 95% of NAV for 10 consecutive days. Furthermore, when crypto prices rise but company valuations do not reflect this, share buybacks should be prioritized. 

No public BTC treasury company has traded below its Bitcoin NAV for a sustained period.

But at least one is now approaching parity.

As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near…

— matthew sigel, recovering CFA (@matthew_sigel) June 16, 2025

Lastly, Sigel suggests that executive incentive packages be based on NAV growth per share rather than total crypto holdings. This approach aims to better align management with shareholder interests.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Leads $86B+ Crypto Fundraising in 2025! appeared first on Coin Engineer.

US Leading the Global Crypto Reserve Trend

According to Teng, countries are increasingly inspired by the United States’ strategic crypto policies, particularly Trump’s executive order to establish a National Bitcoin Reserve seeded by BTC confiscated in legal proceedings.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

“The US is far ahead in this space. More and more countries are approaching us for guidance,” said Teng.

This shift signals the beginning of a global trend where nations view Bitcoin as a strategic asset, similar to gold or foreign reserves.

Binance Advises on Crypto Laws, Too

Beyond reserves, Binance is also a key advisor in creating crypto regulation frameworks. Recently, Pakistan and Kyrgyzstan have entered into partnerships with Binance to develop national crypto policies — though neither has confirmed plans for state-level reserves yet.

Binance Eyes Global HQ as Regulations Tighten

Breaking from its previous stance under Changpeng Zhao, who once said “headquarters are an outdated concept,” Binance is now planning to establish a global headquarters, Teng confirmed.

He stated, “The board and senior management are spending a lot of time evaluating potential locations. We hope to announce our intentions soon.”

Binance’s growing role as a partner to governments marks a new phase in the crypto industry — one where exchanges not only serve retail users but also shape national digital asset strategies.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Advises Countries on Bitcoin Reserves, Crypto Rules appeared first on Coin Engineer.

El Salvador signed a $1.4 billion loan deal with the IMF in December 2024. As part of the agreement, the government pledged to revoke Bitcoin’s legal tender status and reduce public sector involvement with BTC. However, data shows the government is continuing its daily purchases.

Total Reserves Reach 6,105 Bitcoin

According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury now holds 6,105 BTC, valued at more than $527 million at current prices. The country usually acquires 1 BTC per day but made a bulk purchase of 5 BTC on March 3.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Bukele: “We Will Not Stop Buying”

On March 3, the IMF issued a new request pressuring El Salvador to stop accumulating Bitcoin and forbidding any issuance of debt or tokenized securities tied to BTC. Despite this, Nayib Bukele declared that the government will continue buying BTC, characterizing the IMF’s demands as “whining.”

Bukele stated:

“If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.”

El Salvador’s unapologetically pro-Bitcoin stance has led many major crypto firms to relocate to the country. On January 7, Bitfinex Derivatives announced it would move its headquarters from Seychelles to El Salvador. On January 13, stablecoin issuer Tether followed by announcing plans to relocate its headquarters to El Salvador.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post El Salvador Bought Extra Bitcoin Despite IMF Agreement! appeared first on Coin Engineer.

Binance Statement: “No Asset Sales”

On February 11, 2025, Binance issued a statement explaining that the on-chain changes were simply part of an internal accounting process. A spokesperson for the exchange said, “Binance is not selling assets. This is merely an adjustment in the Binance treasury’s accounting process. User funds are SAFU, as always.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Recent rumors about a dramatic decline in Binance‘s Bitcoin and Ethereum reserves—down over 90% in January—spread rapidly on social media. However, crypto analysts clarified that this change stemmed from past revenue, not user funds, and that user funds were unaffected. Additionally, a significant portion of these holdings had been converted into USDC, with Binance Coin (BNB) showing the smallest reduction.

Proof of Reserves Data and Adjustments

According to Binance‘s proof of reserves, on January 1, 2025, the exchange had a substantial surplus of assets, surpassing the 100% customer guarantee. However, by February 1, 2025, this surplus had shrunk significantly, with the collateralization rate for Bitcoin and Ethereum dropping to as low as 0.01%. Only Binance Coin (BNB) retained a collateral surplus of 12.37%.

While other crypto assets saw a decline in collateral, Binance’s USDC reserves saw a dramatic increase during the same period. The exchange’s reserve data shows that the USDC balance grew by over $1 billion, pushing the collateralization rate above 40%. Binance reiterated that these changes were part of internal adjustments and accounting processes, with user funds remaining fully secure.

With this statement, Binance aims to alleviate concerns about the safety of crypto funds and reassure investors that no user funds were impacted by these internal adjustments.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Responds to Bitcoin Sale Allegations! appeared first on Coin Engineer.

Based on an August 29 research by CryptoQuant contributor Gaah, Bitcoin reserves on exchanges have plummeted by around 12.9% since January 1, leaving only 2.62 million Bitcoin across major crypto exchanges. Gaah underlined that this pattern of Bitcoin migrating to cold wallets usually reflects confidence about its future price potential and suggests that investors are dedicated to retain the commodity long-term.

This decrease in Bitcoin supply on exchanges fits forecasts of a price surge in the fourth quarter of 2024. Gaah pointed out that the rising number of long-term holdings may result in a more robust market less prone to major panic sells. “Less liquidity for quick sale results from less Bitcoin available on exchanges,” he said.

In an August 27 X post, pseudonymous crypto trader Marty Party noted the “ultra low” Bitcoin reserves and hinted that a supply shock could be about to occur. Another critic, Bitcoin for Freedom, pointed out that, in the seven days before August 22, 56,000 Bitcoin had been transferred off exchanges—a pattern they find unsustainable.

Based on CoinMarketCap statistics, Bitcoin is trading at $58,970 at the time of publishing; it has just retested the important $60,000 barrier. As the price of Bitcoin settles below its $69,000 top, the growing number of long-term holders—who have collectively paid over $10 billion to purchase Bitcoin—appear to be pulling back from selling.

In particular if market demand rises in the next months, the likelihood of a protracted Bitcoin surge grows as trade reserves keep declining.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Reserves on Exchanges Hit New Low, Signaling Potential Bull Market appeared first on Coin Engineer.