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Bitcoin is recovering: Secret worries about MicroStrategy are weighing on the price!
Bitcoin shows first recovery signals on December 3, 2025, while MicroStrategy is having difficulties. Analyst Timo Emden expresses concerns.
Bitcoin is recovering: Secret worries about MicroStrategy are weighing on the price!
As of today, December 3, 2025, the Bitcoin price is showing encouraging signs of recovery after recently suffering severe setbacks. On Wednesday morning, the Bitcoin price was around $92,935, which corresponds to an increase of around 6.9 percent compared to the previous week. This stabilization raises hopes, even if market observers do not yet see any clear signs of a lasting trend reversal. Nah reports that Bitcoin's market capitalization is now around $1.85 trillion, an increase of around $150 billion compared to the previous week.
However, there are also worrying developments that are clouding investors' minds. In particular, concerns about the company MicroStrategy, which manages 650,000 Bitcoin, are making the situation tense. MicroStrategy has formulated an “emergency scenario” that is causing nervousness and weighing on markets. Analyst Timo Emden warns that the current stabilization of the Bitcoin price may only be a short-term backlash.
MicroStrategy under pressure
MicroStrategy stock, once seen as a leveraged bet on the price of Bitcoin, has lost more than 50 percent of its value in the last six months. In fact, MicroStrategy's market capitalization is now below the book value of its Bitcoin holdings for the first time. Analysis suggests that investors are increasingly using ETFs and ETPs, making participation through stocks like MicroStrategy less important. Stock exchange online highlights that MicroStrategy's original software business is valued at only about $5 billion, which is striking compared to its stock market value of $50 billion.
Another crucial point is that MicroStrategy relies on rising Bitcoin prices to cover its capital increases and convertible bonds. The average purchase price the company paid for its Bitcoin holdings is about $74,430. If the Bitcoin price falls below this price, the consequences could be catastrophic. According to reports, CEO Phing Le does not rule out selling Bitcoin holdings if the stock market value comes under further pressure.
Overall market on the rise
In summary, Bitcoin is starting a new recovery attempt, but the shadows of companies like MicroStrategy are hanging over the market. A sale of Bitcoins by MicroStrategy could put further pressure on the Bitcoin price and potentially trigger a downward spiral in the crypto market. It remains to be seen how the situation develops and whether investors can believe in Bitcoin's potential.