Voya Investment Management LLC significantly decreased its holdings in MicroStrategy during the third quarter. The firm sold 46,736 shares, representing an 82.9% reduction in its position.
This sale occurs amid mixed to negative market sentiment. MicroStrategy has reportedly paused its aggressive Bitcoin acquisition strategy, while company insiders have also been selling stock.
Concurrent reports issued on December 27, 2025, highlight growing concerns about a potential looming liquidity crisis at the company.
Analysts point to MicroStrategy’s substantial debt, which exceeds $8.2 billion, used to fund its Bitcoin purchases. Because the company’s financial health relies heavily on the volatile price of Bitcoin, a significant downturn could pressure its ability to service debt and cover financial obligations.