Michael Saylor’s Strategy Inc has taken another deliberate step toward long-term financial stability.
The company has officially created a $1.44 billion USD Reserve, designed to cover dividends, interest payments, and corporate debt servicing for at least the next twelve months. The reserve will act as a second liquidity buffer alongside its massive bitcoin treasury, now one of the largest corporate crypto holdings in the world.
The announcement came directly from @saylor, signaling a stronger defensive posture as the company prepares for multi-year obligations while maintaining its aggressive BTC-focused strategy.
$MSTR announces the formation of a $1.44 billion USD Reserve and an increase in its BTC Reserve to 650,000 $BTC. pic.twitter.com/e1tAhDUo9G
— Michael Saylor (@saylor) December 1, 2025
A New USD Reserve to Strengthen the Corporate Balance Sheet
Strategy Inc describes the new $1.44B reserve as a dedicated pool for predictable expenses. Unlike opportunistic market reserves or general liquidity buffers, this one has a single mission: keep the company solvent, consistent, and stable as it continues expanding its BTC treasury.
What the reserve covers:
- Dividend payments
- Corporate debt servicing
- Interest expenses
- Proffered dividend obligations
The reserve, funded through ATM (at-the-market) share sales, is calibrated to guarantee at least 12 months of runway. But Strategy emphasizes it aims to stretch that coverage to two years, and eventually 24+ months.
This is not an emergency fund. It’s a structural cushion meant to give Strategy predictable breathing room as it navigates both BTC cycles and traditional corporate obligations.
23 Months of Dividend Coverage Already Secured
The numbers paint a clear picture: Strategy currently owes $750 million in annual dividends. With $1.44B now locked and earmarked, the company has roughly 23 months of coverage, almost two full years of shareholder payouts secured in advance.
That level of protection is rare among public companies, especially ones doubling down on crypto accumulation.
The message is direct: Strategy wants investors to know that dividends remain fully insulated from market volatility, BTC drawdowns, or shifting liquidity cycles.
Strategy’s BTC Treasury: 650,000 BTC and Growing
The USD Reserve is only one side of the balance. The other is the company’s headline-making BTC strategy.
According to the latest update, Strategy now holds:
- 650,000 BTC
- 3.1% of total BTC supply
- Acquired for ~$48.38 billion
- Average purchase price: ~$74,436 per BTC
This makes Strategy the single largest corporate holder of bitcoin worldwide, far exceeding every other public company and most sovereign entities.
The new USD Reserve doesn’t replace the BTC reserve. Instead, it runs alongside it. The company now maintains:
- A bitcoin reserve for long-term value accumulation
- A USD reserve for stable, predictable liabilities
This dual-reserve model mirrors the structure of large sovereign wealth funds or hybrid central-bank treasuries.
Strategy Inc establishes a USD Reserve of $1.44B to cover at least 12–21 months of dividends and interest payments, funded through ATM share sales.
TLDR:
> The goal is to expand coverage to 24+ months over time.
> The company now holds 650,000 $BTC (3.1% of total supply)… https://t.co/eyJrJhgwRJ pic.twitter.com/8LY8H2p3wh— BlockFlow (@BlockFlow_News) December 1, 2025
Projected Income Scenarios for 2025
The company also released forward-looking income expectations tied to BTC performance. If bitcoin ends 2025 between $85,000 and $110,000, Strategy forecasts a wide but transparent income range.
Projected 2025 outcomes:
1. Operating Income:
–$7.0B to +$9.5B
2. Net Income:
–$5.5B to +$6.3B
3. Diluted EPS:
–$17.0 to +$19.0
The ranges may appear broad, but they reflect the volatility of bitcoin’s potential paths next year. Rather than hide uncertainty, Strategy opts to quantify it openly.
The numbers show one thing: BTC’s trajectory will heavily influence corporate earnings. But the USD Reserve ensures operational continuity regardless of performance swings.
Why the USD Reserve Matters Now
Strategy has spent years building its BTC position. But as its financial obligations scale, the company is choosing to wall off a portion of liquidity to guarantee stability.
The USD reserve gives Strategy:
- Predictable funding for shareholder payouts
- Immunity from short-term BTC price shocks
- Reduced risk of having to sell BTC to cover liabilities
- Stronger appeal to institutions seeking predictable governance
- A long-term buffer for interest and debt cycles
This marks a maturity shift. Strategy isn’t just accumulating BTC anymore, it’s building infrastructure to protect its operational commitments long into the future.
The reserve did not come from BTC sales. Strategy confirms it used ATM share issuance, continuing its long-standing model of raising capital via equity rather than touching its bitcoin holdings.
This is a consistent pattern:
- Dilution funds long-term growth
- BTC is held as the backbone asset
- Cash flow obligations are insulated with USD
The model mirrors a hybrid between a growth stock and a long-term digital commodity fund.
A Stability Buffer Beside the Bitcoin Reserve
Strategy frames the USD reserve as a sibling to its massive BTC holdings. The roles are clearly separated:
BTC Reserve
- Purpose: long-term store of value
- Strategy: accumulate and hold
- Volatility: accepted
USD Reserve
- Purpose: operational guarantees
- Strategy: maintain predictable runway
- Volatility: minimized
This two-tier structure strengthens investor confidence. It signals that Strategy does not intend to liquidate BTC to meet routine obligations, even during bear cycles or periods of rate pressure.
By publishing exact dividend requirements and demonstrating 23 months of coverage, Strategy is sending a message to shareholders, institutions, and analysts:
The company is building not just a BTC treasury, but a durable financial architecture.
The reserve ensures:
- Dividends are secure
- Debt payments are timely
- Operational stability is preserved
- BTC accumulation continues uninterrupted
Shareholders get steadiness.
The business gets breathing room.
Saylor gets to keep buying bitcoin.
Strategy plans to expand the USD reserve beyond 24 months over time. As BTC volatility remains high and macro conditions evolve, the company expects to keep strengthening its dual-reserve model.
- BTC remains the core strategic asset.
- USD becomes the operational shield.
Together, they form the company’s long-term corporate identity.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/strategy-inc-sets-1-44b-usd-reserve-as-saylor-expands-long-term-financial-shield/