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Phong Le, the CEO of Strategy, mentioned that a significant factor for setting up a $1.44 billion USD reserve was to ease investor worries regarding the company’s stability during the current downturn in Bitcoin prices.
“We are deeply integrated into both the crypto and Bitcoin ecosystems. This is why we made the decision a few weeks back to begin raising capital and adding US dollars to our balance sheet to eliminate this FUD,” Le stated during his appearance on CNBC’s Power Lunch on Friday.
This afternoon, Phong Le, CEO of @Strategy, joined @CNBC @PowerLunch to discuss how $MSTR correlates with Bitcoin, how our USD reserve mitigates recent FUD, shifts in the Overton Window, key volatility factors, and why the long-term perspective on Bitcoin remains optimistic. pic.twitter.com/1t5hsfov0m
— Strategy (@Strategy) December 5, 2025
On Monday, Strategy revealed the establishment of the $1.44 billion USD reserve, funded through a stock offering. This reserve aims to provide sufficient funds for at least 12 months of dividend payments, with plans to grow it to cover 24 months, according to the firm.
This capital raise follows apprehensions about whether Strategy could fulfill its debt obligations and dividend payments if the stock price were to decline significantly.
“It’s all about this FUD,” Le remarked on Friday.
“We were not going to face any issues paying our dividends, and selling our Bitcoin was unlikely; however, there was FUD suggesting we wouldn’t meet our dividend commitments, prompting individuals to short Bitcoin,” he explained.
“In just eight and a half days, we successfully raised $1.44 billion — enough to cover 21 months of dividend commitments. We did this not only to counter the FUD but also to demonstrate our capability to raise funds even during a Bitcoin downturn.”
Related: Cantor reduces Strategy’s target by 60%, claiming fears of forced sales are exaggerated
Last week, Le mentioned that Strategy would only contemplate selling Bitcoin if the stock fell below its net asset value and the company lost access to new capital.
The company has also introduced a “BTC Credit” dashboard, asserting it has sufficient assets to cover dividends for over 70 years.
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