Bullish Signal: Strategy Reveals $1.44B Cash War Chest, Restarts Weekly Bitcoin Buying Spree

A major player just flipped the switch back to 'accumulate.'

The $1.44 Billion Backstop

Forget tentative dips—this move is backed by a cash reserve that would make most treasuries blush. The figure isn't just a number; it's a statement of intent and dry powder ready to deploy. It signals a conviction that current prices represent a strategic entry, not a reason for panic.

Weekly Purchases: The DCA on Steroids

The restart of weekly acquisitions transforms a one-off trade into a systematic campaign. This isn't market timing—it's a relentless, automated vote of confidence in Bitcoin's long-term trajectory. It creates a constant baseline of demand, a mechanical bid in the market that smooths out volatility and builds a position steadily, come rain or shine.

What the Market Is Reading

Institutional strategies don't make headlines for fun. This public revelation of a war chest and a purchase protocol is a calculated signal to the market. It tells other funds, traders, and algorithms that a deep-pocketed entity sees more upside than risk. It's the kind of clarity that cuts through the daily noise of influencer hype and regulatory FUD.

The Bigger Picture: A Bet on Scarcity

Ultimately, this aggressive accumulation is a direct bet against fiat dilution. While central banks debate spreadsheets and inflation targets—often with the cynical precision of rearranging deck chairs—this strategy bypasses the debate entirely. It's allocating real capital into a protocol with a hard-coded supply limit, a stark contrast to the open-ended printing presses of traditional finance.

The message is clear: when you have $1.44 billion, you don't park it in a currency designed to depreciate. You swap it for one designed to appreciate.

The latest purchase was valued at $11.7M, and Strategy announced that it used MSTR common stock for the acquisition. 

The newest addition of BTC follows a week where Strategy skipped buying more BTC, raising concerns about the viability of its playbook.

During that week, MSTR common stock dipped to a local low of $166. Strategy’s mNav metric is at 0.9%, suggesting there is no HYPE to buy more MSTR. Despite this, the company still managed to raise cash, but did not pour it into a weakening BTC. 

Strategy announces USD reserve

Strategy’s recent BTC purchases raised concerns about the company’s ability to repay its dividends. The current goal of Strategy is to be able to keep its obligations to the holders of preferred shares, hence the decision to retain the cash proceeds from the latest ATM placement of common stock. 

$MSTR announces the formation of a $1.44 billion USD Reserve and an increase in its BTC Reserve to 650,000 $BTC. pic.twitter.com/e1tAhDUo9G

— Michael Saylor (@saylor) December 1, 2025

Strategy was not expected to issue more MSTR, due to the ongoing dilution. Without a BTC bull market, the dilution was erasing the value of the common stock even faster. 

However, Strategy decided to use its common stock one more time to build a fiat reserve for future obligations. 

Strategy announced it has established a US dollar reserve of $1.44B to support the dividend payments on its preferred stock, as well as outstanding interest payments. Strategy aimed for a reserve sufficient to cover at least 12 months of dividend payments, and the USD reserve will be strengthened over time to cover 24 months of dividends. 

USD reserve boosts trust in preferred stock

Previously, Strategy has announced that its goal is to turn fiat into BTC, so the reserve seems to go against that logic. However, a reserve set up for dividends may help Strategy raise more funds through preferred shares, from investors seeking yield. 

“The maintenance of this USD reserve, as well as its terms and amount, remain subject to Strategy’s sole and absolute discretion and Strategy may adjust the USD reserve from time-to-time based on market conditions, liquidity needs and other factors,” wrote the company in its recent filing with the US SEC. 

At the same time, MSTR still undergoes dilution, but at least buys Strategy time to wait for another BTC bull market. 

MSTR continued to slide for the past week, trading at $174.75. The common stock is down by 33% in the past month, while BTC lost 17.56% in November. Strategy’s purchases appear to have lost their spark in setting off BTC rallies, as the leading coin retreated to $85,766.08.

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