Strategy CEO Phong Le said the company raised a $1.44 billion U.S. dollar reserve to calm investor fears about its ability to pay dividends and ride out a Bitcoin downturn, speaking Friday on CNBC’s “Power Lunch. ” Le said Strategy began raising capital “a couple of weeks ago,” putting dollars on its balance sheet “to get rid of this FUD” around the firm’s financial health as Bitcoin slid from recent highs. The company announced the reserve on Monday. It said the cash pile, funded through a stock sale, is meant to cover at least 12 months of dividend payments, with a plan to extend that buffer to roughly 24 months over time. Le told CNBC the raise took about eight and a half days and equates to roughly 21 months of dividend obligations. He said the move was meant both to address concerns about a possible shortfall and to show Strategy can still attract capital “in a Bitcoin downcycle” without selling any of its Bitcoin holdings. In a post on X summarizing the appearance, Strategy said Le discussed how MSTR’s share price moves with Bitcoin, how the new dollar reserve addresses “recent FUD,” the shifting Overton window for corporate Bitcoin treasuries, key volatility drivers, and “why Bitcoin’s long-term outlook remains strong.” Le also repeated that Strategy would only consider selling Bitcoin if its stock traded below the value of its holdings and the firm no longer had access to fresh capital, echoing guidance he gave in earlier remarks now restated in today’s coverage. Analyst Sees Strategy’s 2025 Slump Echoing 2021 Pattern, Flags $100 Target Zone A trader posting under the name MarketMaestro says Strategy Inc.’s weekly chart mirrors its 2021 topping pattern and could still slide toward a support area near $100 before the downtrend exhausts. The view appears in his community post and in the weekly chart image you shared, created on TradingView on Dec. 5. In his analysis, MarketMaestro compares two multi-month structures on the weekly MSTR chart: one that formed in 2021 and the current one in 2025. In both cases, he marks an initial peak labeled “A,” followed by a rounded top labeled “1-E-2” under a dotted arc. Beneath each arc he draws a green horizontal band that he calls a “confirmation” zone, where price breaks down and turns the pattern bearish. The chart shows Strategy already losing that confirmation area in the 2025 leg. Candles sit well below the weekly moving average line, which runs near the prior range. A label “8” appears next to the current decline, while the 2021 section shows a “9” at the end of the previous drop, highlighting what he calls an important exhaustion count. Strategy Weekly Fractal Comparison. Source: MarketMaestro (TradingView) MarketMaestro notes in his captioned text that this is the eighth straight week of decline for MSTR and that, in the earlier cycle, the stock reversed in the ninth week. He ties this to the common “9-countdown” idea in technical analysis, where a series of nine bars in one direction can signal that momentum is tiring. In his view, next week could bring either a short-term bounce or the start of a larger reversal if the pattern repeats. However, his chart also sketches two possible paths lower. One shows MSTR holding around a horizontal line marked “2 (167.71),” which he treats as support. The other, drawn with a dashed curve, continues down to a “Target” icon close to the $100 area on the weekly scale. He adds in the commentary that any sustained reversal would require a move back above roughly $183, which he marks as a resistance level.
