Strategy has declared the establishment of a Reserve of $1.44 billion USD that will assist in dividend payments on its preferred shares and interest payments on its current debt. The reserve was financed by the proceeds of the sale of class A common stock under the at-the-market offering program of the company.
The company states that this reserve now covers 21 months of dividend payment with an overall objective of having adequate liquidity to sustain at least 24 months.
According to Michael Saylor, Founder and Executive Chairman, the move was a significant leap in the evolution of Strategy. He observed that a USD Reserve in combination with the large Bitcoin reserve of the company will assist in navigating the volatility that is witnessed in the short run and enhance its status as a sector leader in issuing Digital Credit.
Strategy also reported that it has 650,000 BTC of Bitcoin in its possession, or about 3.1 percent of all the Bitcoin there will ever be.
Revised FY 2025 Earnings Guidance
Recent turbulence in Bitcoin markets also made the company revise its assumptions of fiscal year 2025 earnings.
Although the previous guidance of Strategy had envisaged a bitcoin price of $150,000 at the end of the year, the price fell to as low as 80,660 on November 21, 2025 as compared to 111,612 on October 30, 2025. This has prompted the company to change its projections to show a year-end range of BTC price between $85,000 and $110,000.
According to this new height, Strategy assumes that FY2025 Operating Income will range between $7.0 billion and $9.5 billion. It is expected to have a Net Income of between $5.5 billion and $6.3 billion, and the Diluted Earnings Per Share will have an estimated range of between $17.0 and $19.0.
Updated Bitcoin KPI Targets for 2025
Strategy has also changed its key Bitcoin performance measures, in addition to the updated earnings guidance. By supposing that it will have a new BTC price range and maintain a lot of capital as it plans to keep buying and holding bitcoin and maintaining a sufficient reserve, the company now hopes to have a BTC Yield of 22.0%-26.0%. It also forecasts Bitcoin dollar gains of between $8.4 billion and $12.8 billion in FY2025.
Strategy reported that such targets will be backed with preferred stock offerings, disciplined stock issues, and future growth of its bitcoin positions, cementing its status as one of the largest corporate BTC holders in the world.
