CryptoQuant: Strategy sets up a $1.44 billion reserve to cope with Bitcoin bear market risks

According to The Block, CryptoQuant analysis shows that Michael Saylor's Bitcoin treasury company, Strategy, has established a $1.44 billion reserve this week to address potential Bitcoin bear markets.

This reserve will be used to support preferred stock dividend payments and debt interest, with plans to ultimately cover 24 months of financial needs. CryptoQuant's research director, Julio Moreno, stated that if the bear market persists, Bitcoin prices could 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 a "outperform" rating on Strategy, emphasizing that the dollar reserve is only a liquidity risk management tool, and selling Bitcoin would be a "last resort."