Strategy, the world's largest corporate Bitcoin holder, is lobbying MSCI to prevent exclusion from major indices ahead of a January 15 decision. MSCI is reviewing whether companies primarily focused on cryptocurrency acquisition should be treated as ineligible investment funds. JPMorgan estimates that exclusion could trigger between $2.8 billion and $8.8 billion in forced outflows from passive funds tracking MSCI indices.

Charles Schwab plans to introduce spot Bitcoin and Ethereum trading during the first half of 2026. CEO Rick Wurster announced the phased rollout at the Reuters Next conference, stating employees will test the platform first, followed by select clients before broader availability. The initiative responds to substantial client demand for digital asset access.

Senator Cynthia Lummis posted on X suggesting the U.S. government may soon acquire Bitcoin. Texas became the first state to establish a Bitcoin reserve, purchasing nearly $5 million in BTC through a BlackRock-managed ETF, according to state officials.

Strategy has sharply reduced its Bitcoin acquisition pace in 2025, with monthly purchases dropping from 134,000 BTC in late 2024 to 9,100 BTC in November 2025. CryptoQuant analysts view the slowdown as a defensive repositioning ahead of an anticipated extended bear market. The company has shifted focus toward building a 24-month liquidity buffer to strengthen its financial position.

Bitcoin is trading above $93,160 as two bullish chart formations converge to signal potential upside momentum. Analyst Kamile Uray notes a confirmed breakout from a Cup & Handle pattern targets $104,000 on the 4-hour chart. Crypto VIP Signal reports Bitcoin's move past $90,000 validates an Inverse Head and Shoulders reversal pattern, with $95,000 marking the next technical level.

Investor Kevin O'Leary stated he does not anticipate a US Federal Reserve rate cut in December and believes such action would have minimal effect on Bitcoin's valuation. The CME FedWatch Tool shows an 89% probability of a December rate reduction, according to market data. O'Leary maintains Bitcoin will likely fluctuate within 5% of current levels.

Strategy has sharply reduced its Bitcoin acquisition activity, falling from 134,000 BTC monthly in 2024 to just 135 BTC in December 2025, according to CryptoQuant analysis. The company has set aside a $1.4 billion cash reserve to cover dividends and debt obligations, providing at least 12 months of financial runway. Bitcoin currently trades near $92,300, closely aligned with estimated production costs.

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.