(HedgeCo.Net). Bitcoin’s volatile descent — from a recent high around $126,000 to a drop below $85,000 — has put pressure on firms heavily invested in crypto. Among them is Strategy, a major corporate holder of Bitcoin. Financial Times+1

To weather the uncertainty, Strategy announced the creation of a USD $1.44 billion liquidity reserve intended to sustain dividend payments over the next 12–24 months. The reserve, funded via share and debt issuance, signals a shift from a pure “buy-and-hold-bitcoin” strategy toward prioritizing liquidity and financial stability. Financial Times

But the move also reflects mounting risk: if Bitcoin doesn’t rebound, Strategy estimates it could face billions in losses — especially given pressure to repay convertible debt. The firm’s willingness to build a massive reserve may highlight concerns among some large crypto holders about how prolonged price weakness could impact their balance sheets. Financial Times+1