Strategy has created a U.S. dollar reserve totaling $1.44 billion, marking an expansion of its balance sheet strategy as it positions itself as the world’s largest “Bitcoin Treasury Company.”
The reserve will be used to support dividend payments on preferred stock and meet interest obligations, providing enhanced liquidity cushions amid volatile digital-asset markets.
“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,” he said. CEO Phong Le added that Strategy now holds 650,000 Bitcoin, representing roughly 3.1% of total eventual supply. The firm’s USD Reserve currently covers 21 months of dividends, he noted.
Founder and Executive Chairman Michael Saylor described the USD Reserve as the next step in the company’s evolution, complementing its Bitcoin reserve.
Diluted earnings per share are projected to come in between a loss of $17.0 per share and earnings of $19.0 per share. These projections rely on the successful completion of planned capital raises that would allow Strategy to achieve its 2025 Bitcoin Yield Target and deploy the resulting proceeds into additional Bitcoin purchases.
If Bitcoin ends 2025 within the range of $85,000 to $110,000, Strategy said it expects operating income to fall anywhere between a loss of $7.0 billion and a profit of $9.5 billion, while net income could range from a loss of $5.5 billion to a gain of $6.3 billion.
