Strategy ($MSTR) Creates $1.44 Billion Reserve to Calm Fears of Bitcoin Sell-Off

Strategy ($MSTR), the largest corporate Bitcoin holder, announced the creation of a $1.44 billion U.S. dollar reserve, funded by recent Class A common stock sales, specifically to cover future dividend and interest payments. This move is intended to calm investor fears that the company might be forced to sell part of its substantial Bitcoin holdings amid market weakness. The reserve initially covers at least 21 months of obligations, with plans to expand coverage to 24 months. CEO Phong Le's previous comments suggesting a potential BTC sale if the market value to Bitcoin (mNAV) ratio dropped below 1.0 had previously spooked investors, causing MSTR shares to drop. The reserve announcement helped pare those losses. Furthermore, Strategy updated its 2025 guidance, acknowledging that its prior forecast based on a $150,000 year-end Bitcoin price was unrealistic, now projecting a range of $85,000 to $110,000 for year-end.

(Source：Bitcoin Magazine)