According to TechFlow, on December 4, The Block reported that analysis by CryptoQuant shows Michael Saylor’s Bitcoin treasury company, Strategy, established a $1.44 billion USD reserve this week to prepare for a potential Bitcoin bear market. The reserve will be used to support preferred stock dividend payments and debt interest, with plans to eventually cover 24 months of financial needs. Julio Moreno, Head of Research at CryptoQuant, stated that if the bear market continues, Bitcoin prices may fluctuate between $70,000 and $55,000 next year. Strategy’s purchasing power has decreased from 134,000 Bitcoins in November 2024 to 9,100 Bitcoins in November 2025. Investment bank Mizuho maintains an “outperform” rating for Strategy, emphasizing that the USD reserve is solely a liquidity risk management tool and that selling Bitcoin would be a “last resort.”
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CryptoQuant: Strategy sets up $1.44 billion reserve to address Bitcoin bear market risks
According to TechFlow, on December 4, The Block reported that analysis by CryptoQuant shows Michael Saylor’s Bitcoin treasury company, Strategy, established a $1.44 billion USD reserve this week to prepare for a potential Bitcoin bear market. The reserve will be used to support preferred stock dividend payments and debt interest, with plans to eventually cover 24 months of financial needs. Julio Moreno, Head of Research at CryptoQuant, stated that if the bear market continues, Bitcoin prices may fluctuate between $70,000 and $55,000 next year. Strategy’s purchasing power has decreased from 134,000 Bitcoins in November 2024 to 9,100 Bitcoins in November 2025. Investment bank Mizuho maintains an “outperform” rating for Strategy, emphasizing that the USD reserve is solely a liquidity risk management tool and that selling Bitcoin would be a “last resort.”