Dovish Balance Sheet Policy Could Present Tailwind for Crypto into YE

Dec 8, 2025

Discussed in today's video:

ETH/BTC continues to show signs of bottoming alongside persistent small-cap tech strength. MSTR surprised the market with nearly $1B in BTC purchases, funded by roughly $963M of equity and preferred issuance. The stock held up well despite the supply, signaling strong demand and reinforcing the idea that last week’s capitulation may have marked a local low. mNAV multiples are expanding again, suggesting capital is beginning to return to the ecosystem through this channel. FOMC is the major macro event this week. A 25 bps cut is expected, but the focu...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

Stay up to date with the latest articles and business updates. Subscribe to our newsletter

Articles Read 1/2

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

FS Insight footer logo

150 East 52nd St, 3rd Floor New York, NY 10022

SUBSCRIBE TO OUR FREE RESEARCH REPORTS

An institutional-grade report delivered to your inbox every week.

© 2025 FS Insight. All rights reserved.

Illustrations by Karl Wimer.