Strategy has announced the formation of a special dollar reserve of $1.44 billion, intended for future dividend payments on preferred shares and servicing debt obligations. This move aims to ensure the financial stability of the firm amid increased market volatility.
This is reported by Business • Media
Financial Planning and Dividends for the Next Two Years
According to a document submitted to the U.S. Securities and Exchange Commission (SEC), Strategy plans to maintain a sufficient reserve to cover payments over the next 12 months and subsequently expand it to a level that will cover obligations for two years. The company emphasized that the size and use of the fund will remain under its control and may be adjusted in response to changes in market conditions and liquidity needs.
Strengthening Positions in Bitcoin and Additional Financing
Alongside the announcement of the reserve, Strategy reported the recent acquisition of an additional 130 BTC for approximately $11.7 million at an average price of $89,960 per coin. As a result, the company’s total Bitcoin portfolio has grown to 650,000 BTC, which accounts for over 3% of the total Bitcoin supply and is equivalent to about $55 billion at current rates.
Michael Saylor, co-founder of Strategy, noted that the average purchase price of Bitcoin by the company is $74,436, yielding approximately $7.6 billion in paper profit, even considering the recent market downturn.
“The creation of the reserve is described by Strategy as the next stage of its transformation. The company believes that having a dollar ‘cushion’ will enable it to withstand short-term market fluctuations more resiliently, without reducing its Bitcoin positions and while maintaining a long-term accumulation strategy.”
To finance further asset purchases, Strategy is actively utilizing the placement of MSTR shares. Over the past two weeks, the company has sold 8.2 million shares for approximately $1.48 billion. A portion of the issued securities remains available for future sales: as of November 30, 2025, the unused amount under the ATM program stands at $13.37 billion for common shares and $30.2 billion for perpetual preferred series.
Strategy views the creation of the reserve as a key step in the business transformation process. The goal of this decision is to enhance the company’s ability to effectively navigate short-term market challenges while preserving its long-term Bitcoin accumulation strategy without diminishing its market positions.