Strategy Says Even a Bitcoin Crash to $25,000 Wouldn’t Break Its Balance Sheet

Beincrypto

Strategy (formerly MicroStrategy) has confirmed that its assets-to-debt collateral ratio would remain at 2.0x, even if Bitcoin fell to $25,000, far below its $74,000 average purchase price.

This comes as the company’s stock has declined by 49% and faces the possibility of exclusion from MSCI indices, with a decision expected by January 2026.

(Micro) Strategy’s $16 Billion Liability Stack Backed 3.6x by Bitcoin

“If BTC drops to our $74,000 average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25,000 BTC, it would be 2.0x,” the post read.

According to the firm, even if Bitcoin were to fall to $74,000, its average cost basis, the value of its BTC reserves, would still be 5.9 times greater than its convertible debt. In a deeper downturn, with Bitcoin at $25,000, the assets-to-debt ratio would remain at 2.0x.

Based on the current Bitcoin price of $87,812, the company shows a notably strong asset-to-liability profile. According to the credit dashboard, Strategy carries $8.214 billion in total convertible debt with maturities spanning 2028 to 2032.

Most of these convertible notes exhibit exceptionally high BTC Rating, ranging from 7x to more than 50x. The BTC Rating for total convertible debt stands at 6.9x.

Below the debt layer, the company holds $7.779 billion in preferred stock across five series (STRF, STRC, STRE, STRK, STRD). These have longer average durations, many running 8 to 10 years or more. Moreover, they carry slightly higher risk profiles than the senior debt stack.

The preferred equity carries a BTC Rating of 3.6x, indicating a solid, though thinner, collateral cushion relative to the company’s convertible debt. Combined, the company’s total obligations, debt plus preferred stock, amount to $15.993 billion.

At the current Bitcoin price, these liabilities are supported by a consolidated BTC Rating of 3.6x, meaning the company holds more than three and a half times the value of its outstanding obligations in Bitcoin-denominated assets.

This indicates that the company is exceptionally well-capitalized, overcollateralized by a substantial BTC buffer, and highly resilient to Bitcoin price declines. This provides it with significant financial stability and strategic flexibility.

According to the data from SaylorTracker, Strategy holds 649,870 BTC valued at $56.99 billion, making it the largest corporate holder globally.

Strategy Confronts Market Slide and Index Uncertainty

Notably, this revelation comes at a time when the firm has been under considerable pressure. MSTR shares have fallen by more than 49% since early October, trading at levels last seen in late 2024.

Strategy also faces heightened scrutiny from MSCI. It is considering a criterion that would exclude companies where digital assets make up 50% or more of total assets.

A decision is expected by January 15, 2026. JPMorgan research estimates potential outflows could surge as high as $8.8 billion if additional index providers adopt similar rules. According to the bank,

“With MSCI now considering removing MicroStrategy and other digital asset treasury companies from its equity indices…outflows could amount to $2.8bn if MicroStrategy gets excluded from MSCI indices and $8.8bn from all other equity indices if other index providers choose to follow MSCI.”

The company was also left out of the S&P 500, missing another key opportunity. Adding to the challenges, after six consecutive weeks of Bitcoin purchases, the firm has broken its buying streak. This comes as the mNAV premium has collapsed toward near parity.

Nonetheless, the firm is making other strategic moves. Blockchain intelligence firm Arkham reported that Strategy transferred some of its assets from Coinbase to Fidelity Custody. This reflects a plan to split custodial risk between several regulated providers.

“Strategy (MSTR) has been diversifying custodians away from Coinbase, and has moved 58,390 Bitcoin (currently: $5.1 Billion) to Fidelity Custody over the past 2 months….with a total of 165,709 BTC ($14.50 billion) sent to Fidelity Custody,” Arkham stated.

Thus, despite mounting market pressure, index uncertainty, and a sharp decline in its stock price, Strategy remains heavily overcollateralized and structurally resilient. Its Bitcoin-backed balance sheet continues to provide a substantial buffer against volatility. At the same time, ongoing efforts to diversify custodial risk signal a company’s positioning for long-term stability, even in a challenging environment.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Bitcoin price bottom due 'this week' with BTC down 20% in November

Cointelegraph

Bitcoin is on course for its worst November since 2018, but a new forecast sees a BTC price bottom this week.

Key points:

Bitcoin is on track to seal its weakest November performance since the 2018 bear market.
December has historically produced identical price action after “red” November months.
AI predicts that will form a local bottom this week.

November echoes 2018 Bitcoin bear market

Bitcoin remains in bear market territory ahead of the November monthly close, its drawdown versus October’s all-time highs hitting up to 36%.

Data from monitoring resource CoinGlass shows that at $87,500, Bitcoin is still down 20% this month.

CoinGlass confirms that such bearish performance has been absent from the charts since 2018, the year following another bull run that peaked at $20,000.

“Every time Bitcoin has had a red November, December has also ended red,” Sumit Kapoor, founder of crypto trading community WiseAdvice, commented on the data in a post on X.

Since 2013, the average November gains for have been in excess of 40%, while December has been much more muted, resulting in just a 5% average upside.

BTC is due for a “slow recovery” into 2026

On the topic of BTC price seasonality, network economist Timothy Peterson shared some more optimistic views on how Bitcoin might conclude 2025.

A dedicated AI-based prediction tool suggests that Bitcoin’s latest local bottom is either already in or due this week.

“AI-driven Bitcoin simulation estimates the bottom is in or occurs this week, with a slow recovery through the end of the year,” Peterson reported on X Monday.

“There is less than 50% chance Bitcoin reclaims $100,000 by December 31. There is at least a 15% chance Bitcoin finishes lower from here ($84,500) and an 85% chance it finishes higher.”

He noted that the model does not account for external volatility catalysts, such as macroeconomic events.

Previous findings, which overlaid BTC price action this year onto 2015, likewise hinted that a major rebound could come by the end of the year.

Peterson nonetheless described the concept as “hopium.”

Timothy Peterson
@nsquaredvalue
Want some hopium?
Bitcoin was at this exact same point at this exact same time in 2015.
It then shot up 45% and finished the year up 33%. pic.twitter.com/dTC53llkYX
Nov 16, 2025

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Risk Warnings and Disclaimers

Add to Favorites

Monad (MON) Price Skyrockets 80%, Emerges As Best Performer Among Top 100 Cryptos

NewsBTC

The Layer 1 blockchain Monad (MON) successfully went live on Monday, igniting a significant surge in its native token. Within 24 hours of its launch, MON emerged as the best-performing asset among the top 100 cryptocurrencies by market capitalization.

MON Token Hits $0.045 All-Time High

Last week, Monad’s token sale kicked off on Coinbase’s new token presale platform, gaining robust momentum by raising approximately $50 million. However, just 12 hours into the sale, that initial enthusiasm began to wane.

The fundraising effort only accumulated $95 million of the ambitious $187 million target for Circle’s USDC stablecoin. Yet, once the Monad blockchain launched, investor interest reignited, leading to an impressive over 80% rise in the MON token’s value.

According to CoinGecko data, this price surge elevated the token to a diluted valuation of about $4 billion. By consolidating its gains, MON has managed to stay above the $0.040 mark, reaching a market capitalization nearing $440 million.

Notably, the token also hit an all-time high (ATH) of $0.045 earlier on Tuesday, showcasing the heightened demand for MON in the past day.

This rally comes despite a broader challenging environment for the cryptocurrency market, where Bitcoin (BTC) has retraced more than 30% from its ATH of $126,000 set back in October, and Ethereum (ETH) has struggled above the critical $3,000 level.

The mainnet launch was accompanied by the listing of the MON token on several cryptocurrency exchanges, including Coinbase, Kraken, and Gemini (GEMI).

Monad Trading Performance Surpasses Hyperliquid

According to data from DeFillama, excitement around the MON token goes beyond its price. The Monad blockchain has already processed over three million transactions from around 140,000 addresses, with developers deploying more than 18,000 smart contracts.

Investors who participated in the token sale had the opportunity to sell their holdings immediately after the launch. However, Coinbase has issued a warning to discourage early selling, stating that those who choose to sell their tokens within the first 30 days may face reduced allocations in future token sales. This aims to prioritize genuine enthusiasts of the project over traders looking for quick profits.

Furthermore, trading volume for MON on the Solana (SOL) blockchain exceeded $87 million in just 24 hours, surpassing the trading volume on Monad itself.

This performance outstripped that of Hyperliquid (HYPE) by 149% and positioned MON ahead of platforms such as KuCoin, Gate, Kraken, and Bitget, making Solana the fifth-largest venue by total trading volume across exchanges.

Featured image from DALL-E, chart from TradingView.com

Risk Warnings and Disclaimers

Add to Favorites

Monad (MON) Token Launch Sparks Frenzy—But What’s Really Behind the Hype?

Coinpedia

Monad and the MON token price have become one of the most talked-about launches of the month, but the excitement around this new Layer-1 blockchain runs deeper than just an airdrop and exchange listings. With bold performance claims, heavyweight investor backing, and a massive ecosystem push, MON has captured the attention of both developers and speculative traders. Yet behind the hype lies a more complex reality—one that could determine whether Monad becomes a true contender to chains like Solana or fades after initial momentum.

A Curiosity-Driven Start: Why Monad Arrived With Such Momentum

The crypto market hasn’t seen a Layer-1 launch with this level of anticipation in months. Monad positioned itself as a next-generation chain capable of scaling Ethereum’s developer ecosystem without sacrificing speed—a narrative that instantly resonated with traders searching for “the next Solana moment.”

But what really fuels the excitement is the combination of high technical ambition and an aggressive ecosystem strategy. Monad wants to be the chain that finally bridges high-throughput execution with Ethereum compatibility, and its testnet numbers and investor list have only amplified curiosity.

What Is Monad? A Quick Breakdown

Monad is a high-performance Layer-1 blockchain that is fully EVM-compatible, meaning developers can deploy existing Ethereum smart contracts without rewriting code. Its architecture is designed to solve one of Ethereum’s biggest limitations: throughput.

Monad’s core technical selling points include:

10,000+ transactions per second (TPS) potential
~1-second deterministic finality
Low transaction fees
Optimized pipelining and parallelization
Full bytecode-level compatibility with Ethereum

For developers, this offers the speed of Solana or Sui with the familiarity of the Ethereum development stack—a key reason why Monad’s ecosystem began forming even before mainnet went live.

Why MON Is Trending: The 4 Big Catalysts Driving the Buzz

A High-Performance Tech Narrative: Monad’s testnet numbers showcased billions of transactions executed and sustained throughput far higher than typical EVM chains. This created early comparisons to Solana’s performance—but with the added advantage of plug-and-play compatibility for Ethereum apps.

Massive Funding and Institutional Backing: Monad raised over $225 million from high-profile crypto funds and venture investors. Heavy backing signals confidence and resources—two things early-stage L1’s need to attract developers.

Token Launch, Airdrop, and Supply Design: The MON token launched with:

100 billion total supply
~10.8% unlocked at mainnet
A multi-track airdrop rewarding developers, on-chain users, and early community participants
A public sale price of $0.025

Strong Exchange Listings and Social Momentum: Major exchanges moved quickly to list MON, giving it immediate liquidity and visibility. On Crypto Twitter, Monad became one of the most discussed L1 launches, fueled by airdrop speculators, developers, and early ecosystem builders.

It’s Not All Smooth Sailing—Key Risks Remain

Despite the hype, the project faces several structural challenges:

Token Unlock Overhang: A large share of MON is allocated to the team, early investors, and the ecosystem. As these tokens unlock over time, sell pressure could increase — especially if market sentiment weakens.

Execution Risk: While Monad’s architecture is promising, real mainnet performance often diverges from testnet conditions. Any congestion, downtime, or performance bugs could quickly dampen market enthusiasm.

L1 Competition Is Fierce: Solana, Sui, Aptos, and Ethereum scaling solutions all target similar performance goals. To survive, Monad must differentiate not just technologically, but also in adoption and real usage.

Early Price Action Driven by Speculation: Post-launch volatility typically revolves around hype, listings, and airdrop farming—not fundamentals. Investors should expect rapid swings until liquidity stabilizes.

MON Price Outlook: What to Expect Next

Monad’s MON token has exploded back into the spotlight after a dramatic surge, catching traders off guard following months of sideways consolidation. The sudden breakout has revived interest in the newly launched Layer-1 ecosystem, with volume spiking and sentiment shifting sharply bullish. As investors search for the catalyst behind this rapid move, the chart now reveals a major structural shift that could redefine the token’s short-term outlook. The question is, can MON sustain this momentum, or is a pullback inevitable?

MON has reclaimed the 200-day moving average for the first time this year, marking a major technical milestone and signaling a potential trend reversal. The price has also pierced multiple overhead resistance zones, with momentum accelerating aggressively. With the 50-day MA now curving upward toward the 200-day MA, a probable golden cross appears to be forming—often viewed as a classic bullish signal. However, the RSI hovering above 80 suggests overextension, making short-term volatility or a minor correction likely before continuation.

Conclusion

Monad has entered the market with one of the strongest launch narratives of any new Layer-1 in recent months. Its combination of high-performance architecture, Ethereum compatibility, significant funding, and aggressive ecosystem expansion has made MON a token to watch.

But the journey ahead will test whether Monad’s technology can hold up under real-world conditions, attract developers at scale, and carve a meaningful place in a crowded Layer-1 landscape. The hype is justified—but so is cautious optimism.

Risk Warnings and Disclaimers

Add to Favorites

PLUME rallies 70% as South Korean liquidity renews market optimism

Invezz

The cryptocurrency market remained indecisive on Wednesday, with most tokens hinting at bearish action after the latest recovery attempt.

The value of all digital tokens reduced by a mere 0.3% to $3.01 trillion as Bitcoin wavers at $87,450 after muted actions in the last 24 hours.

However, one digital token stands out with a sharp decouple.

Plume Network, the first full-stack blockchain platform designed for real-world asset finance (RWAfi), exhibits a bullish outlook amid broader struggles.

PLUME has seen a swift 70% surge minutes after Upbit, the leading crypto exchange in South Korea, confirmed listing the alt today.

Upbit Korea@Official_Upbit·Followhttps://twitter.com/Official_Upbit/status/1993554543259640113Replying to @Official_Upbit

Plume(PLUME) KRW Market Support✅ Supported Market : KRW Market 📅 Trading opens at: 2025-11-26 15:00 KST 🔗 Discover more: upbit.com/service_center… #Upbit #PLUME @plumenetwork

11:06 AM · Nov 26, 2025https://help.twitter.com/en/twitter-for-websites-ads-info-and-privacy17ReplyCopy linkRead more on Twitter

The announcement sparked immediate excitement in the digital assets community, triggering boosted trading volumes and amplified optimism.

South Korean influence fuels momentum

South Korea boasts one of the most vibrant cryptocurrency communities, ready to explore new opportunities.

PLUME’s surge reflects this enthusiasm as individuals anticipate increased global attention on the project.

South Korea has historically driven cryptocurrency trends as its passionate investor base often sets the tone for the broader market actions.

Thus, Upbit’s PLUME listing confirmation offered an immediate catalyst for robust price gains, despite overall market hesitancy.

The rally also indicates optimism in Plume Network’s long-term potential. It presents an alternative for individuals looking beyond speculative trading activities.

The blockchain combines decentralized finance (DeFi) and real-world asset finance (RWAfi).

Therefore, PLUME is emerging as a serious player in the crypto world as communities shift to rewarding projects with real-world utility.

PLUME price outlook

Plume Network’s native token is among the most bullish cryptocurrencies on Wednesday.

It is trading at $0.04353 after a swift 70% rally. The explosive gains emerged minutes after Upbit announced the PLUME/KRW pair.

Moreover, its 24-hour trading volume has skyrocketed by over 470%, signaling robust trader activity.

PLUME exhibits a bullish momentum after overcoming the consolidation zone at $0.0417, which now serves as a crucial support barrier.

Stability above this region could encourage further buying actions.

Meanwhile, bulls should prepare for the nearest resistance between $0.0463 and $0.0481.

The area has seen notable seller momentum, suggesting potential downward pressure here.

Meanwhile, breaching $0.0481 could support extended gains, targeting $0.057.

That would mean a roughly 24% increase from PLUME’s current price.

However, the reality is that tokens hardly post continued gains with exchange listing as the primary catalyst.

The hype is often short-lived, with substantial declines following, especially amid broad-based selling pressure.

Failing to hold above $0.0417 might catalyze sharp selloffs to $0.037 and the lower support zone at $0.034.

Risk Warnings and Disclaimers

Add to Favorites

Bitcoin Rises Slightly as Fed Rate Cut Bets Build — Market Talk

Dow Jones Newswires

Bitcoin rises slightly following gains in U.S. stocks overnight after U.S. data supported expectations for another interest-rate cut by the Federal Reserve in December. Data on retail sales, core wholesale prices, consumer confidence and weekly private payrolls came in soft. Rate-cut expectations were also boosted by a Bloomberg report that White House National Economic Council Director Kevin Hassett is the frontrunner to become the next Fed chair. He is seen favoring lower rates. Bitcoin rises 0.9% to $87,837, LSEG data show. It reached a seven-month low of $80,553 on Friday. The cryptocurrency has struggled to rise meaningfully since consolidating from the record high of $126,223 in early October. (renae.dyer@wsj.com)

Risk Warnings and Disclaimers

Add to Favorites

Binance Partners with HCM City To Build Vietnam’s Global Financial Future

Coinpedia

HCM City is now moving closer to its big dream of becoming an international financial hub. The city has teamed up with Binance, one of the world’s largest crypto exchanges, has signed a memorandum of understanding (MOU) with Binance on November 26, 2025.

This partnership is expected to bring more investment, technology, and growth into Vietnam’s finance and crypto space.

HCM City’s Vision for a Global Financial Centre

Ho Chi Minh (HCM) City is one of the two main locations chosen for Vietnam’s International Financial Centre (VIFC).

However, the MOU signing ceremony took place at the Autumn Economic Forum 2025, attended by Vietnam’s Prime Minister Pham Minh Chinh, HCMC municipal leaders, representatives from various ministries, and international investment funds.

This partnership follows HCMC’s earlier MoU with Nasdaq in October 2025, another major step in linking Vietnam to international financial markets.

ME
@MetaEraHK
Ho Chi Minh City Partners With Binance to Advance International Financial Center Plans
The Ho Chi Minh City Department of Finance has signed an MoU with @binance on Nov 26 to support the development of Vietnam’s International Financial Center, according to @techinasia.
Signed… pic.twitter.com/86vFdyE56O
Nov 26, 2025

Key Goals of the Partnership

Under this agreement, Binance will help attract international investors, financial companies, and investment funds to the new financial centre. This could bring more capital and business opportunities to Vietnam.

Binance will also share its experience in,

Introduce foreign investors and financial institutions to Vietnam.
Build new rules for digital assets and blockchain use.
Develop payment systems using cryptocurrencies.
Support digital finance projects with strong compliance and safety.

This cooperation will help Vietnam establish clear and secure regulations for the fast-growing crypto and blockchain market.

Joint Working Group for Blockchain Innovation

A joint working group will be created to plan and monitor progress. They will meet twice a year to keep the project on track.

Both sides also agreed to develop a “sandbox,” a safe testing environment for blockchain and crypto projects. This will allow innovation while protecting users and ensuring legal oversight.

Support for Startups and Local Businesses

The initiative will also support Vietnamese startups and small businesses working in: