On December 1, 2025, MicroStrategy (MSTR) announced the creation of a $1.44 billion USD reserve, funded by recent stock sales, to cover preferred stock dividends and strengthen liquidity. This marks a shift from its previous strategy of converting all available cash into Bitcoin. The company also revised its 2025 financial targets, lowering its projected BTC price range to $85,000–$110,000 and cutting BTC yield and profit expectations. MSTR shares fell sharply, tracking Bitcoin's decline, which dropped over 7% in the past 24 hours.