😕 Why Is MSTR Now Worth Less Than The BTC It Owns?

Plus, some big news from Coinbase.

Author

Ivan
December 08, 2025

Happy Monday!

Strategy’s MSTR is now worth less than the underlying BTC it holds — why is that and is it cause for concern?

Coinbase announced big news on the weekend: it’s re-entering the Indian market after a two-year hiatus. What prompted the change?

Plus, the ‘Counter-Punch Protocol’ has uncovered winners all 2025 long - for gains like 33%, 67%, and 138% - in both surges and crashes.

TOP STORY

Strategy Inc.’s stock has collapsed so far that its market value now sits below the worth of its Bitcoin holdings. This exposes a rare valuation disconnect that has widened despite improving fundamentals and reduced liquidity risk.

Strategy’s market capitalization has dropped to roughly $48-50 billion after a 52% slide in just 2 months. 

During the same period, its Bitcoin holdings reached 650,000 BTC worth about $60 billion. 

This inversion means the company now trades at a discount of nearly $10 billion to its Bitcoin treasury alone.

Even after subtracting $8.2 billion of debt, Strategy still holds an estimated $51.8 billion in net Bitcoin value.

SPECIAL OFFER

Don’t let volatility stop you from potentially profiting. The ‘Counter-Punch Protocol’ has uncovered winners all 2025 long - for gains like 33%, 67%, and 138% - in both surges and crashes. Past performance does not guarantee future results.

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP started the week strong overnight but have began stuttering after the NY session opened: here’s what’s driving markets today.

Dogecoin is down 20% over the past month and everybody is wondering: why is DOGE so weak this year?

Ripple recently secured a $500 million raise from a lot of prominent backers — what is up with that?

FINTECH FOCUS

Coinbase Inc. has opened its app for registrations in India as it resumes expansion in the country even as COIN struggles to hold a technical support level.

After more than two years of restrictions, Coinbase has begun onboarding Indian users again, allowing access to cryptocurrency trading pairs while it works to restore full functionality. 

Speaking at India Blockchain Week, regional head John O’Loghlen said the company aims to launch a fiat on-ramp in 2026 to enable users to load funds and purchase cryptocurrency directly.

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