Several Wall Street firms sold approximately $5.38 billion worth of Strategy stock in Q3.

According to Foresight News , citing CryptoSlate, several Wall Street institutions reduced their holdings in Strategy (MSTR) stock in Q3, selling approximately $5.38 billion worth of positions. Institutional holdings decreased from $36.32 billion to $30.94 billion, a drop of 14.8%. Bitcoin remained around $95,000 during the same period, and MSTR's stock price essentially traded sideways, indicating that this was not a passive liquidation but rather an active reduction in institutional holdings. Major funds such as Capital International, Vanguard, BlackRock, and Fidelity all significantly reduced their positions. This represents Wall Street gradually shifting from the old path of "MSTR as a Bitcoin proxy" to more direct and compliant Bitcoin exposure (such as spot ETFs and custody solutions).