Strategy has announced a new $1.44 billion US Dollar (USD) reserve, signaling a major shift for the Bitcoin-focused treasury company.
Strategy Establishes New USD Reserve
In a new post on X, Strategy co-founder and chairman Michael Saylor has revealed the formation of a USD reserve for the firm. Worth $1.44 billion, the reserve has been established using sales of class A common stock under the company’s at-the-market (ATM) offering program.
Since pivoting to being a Bitcoin treasury company back in 2020, Strategy has focused on expanding its BTC holdings, so this USD reserve reflects a shift for the company.
The current goal for Strategy is to maintain a USD reserve that can fund at least twelve months of dividends and interest payments (collectively referred to as just “Dividends”). Eventually, the firm intends to cover 24 or more months with the dollar reserve.
According to Phong Le, the treasury company’s president and CEO, the newly established USD reserve can currently cover 21 months of Dividends. “We intend to use this reserve to pay our Dividends and grow it over time,” noted Le.
Strategy has established this reserve as Bitcoin has witnessed a bearish transition recently, with its price dropping into the low $80,000 levels from a high of $126,000 in October.
Saylor noted:
Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit.
Strategy has also updated its year-end target for Bitcoin, slashing down its $150,000 assumption to a range between $85,000 and $110,000. The update in assumption is to reflect a range more consistent with recent BTC prices, the company said in the press release.
While the USD reserve is a fresh change for the firm, it hasn’t stopped buying Bitcoin. Alongside the same announcement, Strategy has also unveiled a new BTC acquisition.
With this new purchase, the company has added 130 BTC to its treasury, spending $89,960 per token, or $11.7 million in aggregate. A relatively modest buy; in fact, the smallest acquisition by the firm since March 2025.
Strategy now holds 650,000 BTC, equivalent to 3.1% of the total Bitcoin supply cap. The company used a total of $48.38 billion to assemble these holdings, putting its cost basis per token at $74,436. At the current BTC price, the treasury is still in a profit of about 13.65%.
Saylor’s firm is by far the largest Bitcoin corporate treasury in the world, outweighing the second-placed MARA Holdings by nearly 600,000 BTC.
The top 10 BTC treasuries in the world | Source: BitcoinTreasuries.net
Bitcoin Has Plunged To $84,500
The past day has been quite bearish for Bitcoin as its price has gone through a decline of almost 8% and has erased much of its recent recovery. Initially, BTC fell toward $86,000, but it has seen another leg down to $84,500 after the Strategy USD reserve announcement, a sign that investors have taken the news negatively.
Looks like the price of the coin has seen a sharp decline | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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