Strategy Sets Up $1.4 Billion Cash Reserve While Bitcoin Holdings Hit 650,000 BTC
Strategy established a $1.44 billion cash reserve for dividends and debt while increasing its Bitcoin holdings to 650,000 BTC.Summary
Strategy has established a $1.44 billion USD cash reserve, funded by selling common stock, primarily to cover dividend payments on preferred stock and interest on debt, aiming for a buffer covering 24 months of payments. This move comes as Bitcoin's price has dropped significantly since October. Concurrently, Strategy purchased 130 BTC between November 17 and November 30, 2025, bringing its total holdings to 650,000 BTC, making it the largest corporate Bitcoin holder globally. Due to market conditions, the company has significantly lowered its 2025 financial guidance, now assuming Bitcoin will end the year between $85,000 and $110,000, down from the previous $150,000 assumption. The company's stock has struggled, and its business model relies on accessing capital markets, though CEO Phong Le stated selling Bitcoin would only be a "last resort" if the stock trades below its net asset value.
(Source：Brave New Coin)