Strategy prepares $1.4B cash reserve for BTC bear market

Strategy (MSTR) has secured a $1.44 billion cash reserve to prepare for a potential Bitcoin bear market, according to an analysis by CryptoQuant senior analyst Julio Moreno. In an interview with The Block, Moreno stated that Strategy raised the funds earlier this week and plans to use them over the next 12 to 24 months for preferred stock dividends and debt interest payments. He noted that the BTC bear market began early last month and projected that the cryptocurrency could trade between $55,000 and $70,000 next year.