Strategy Inc., the company that used to be called MicroStrategy before it went full Bitcoin maximalist, just parked another $1.15 billion in cash reserves. The move brings its total USD reserve to approximately $2.55 billion as of June 28, dedicated entirely to keeping dividend checks and interest payments flowing.
Strategy holds roughly 845,000 BTC, making it by far the largest corporate Bitcoin holder on the planet. The company has about $1.76 billion in annual obligations between preferred stock dividends and debt interest. Without a serious cash cushion, any prolonged Bitcoin downturn could force the company to sell BTC at the worst possible time to meet those payments.
The Digital Credit Capital Framework
The reserve boost comes as part of a broader initiative Strategy is calling its Digital Credit Capital Framework. Announced June 29, the framework formalizes how the company manages the tension between holding a mountain of Bitcoin and owing regular payments to shareholders and creditors.
The board now mandates a minimum reserve coverage of 12 months for dividends and debt interest. At $2.55 billion against $1.76 billion in annual obligations, the current reserve provides approximately 17.4 months of coverage. That’s down from the roughly 21 months of coverage the company had in December 2025, when its reserve stood at $1.44 billion. The obligations have grown alongside the reserve.
