Looks like MicroStrategy is also preparing for the winter. According to the latest filing submitted to the SEC by MicroStrategy, there were no BTC purchases this week. Instead, they sold 4.5 million shares for $740 million and put it all into the USD reserve fund established earlier this month. Adding the initial $1.44 billion, the reserve now totals $2.19 billion. This fund is mainly used to pay preferred stock dividends and convertible bond interest, which amounts to about $700 million per year. So, the reserve is enough to last at least three years, meaning they won’t be forced to sell coins to pay off debts like ETHZilla, which collapsed today. Although MicroStrategy’s stock price continues to decline, the 670,000 BTC they hold is still far from triggering a sell-off. https://assets.(contentstack.io)/v3/assets/bltf8d808d9b8cebd37/blt5d076d61eebdec9e/6948cb2077fa9f36d375147a/form-8-k_12-22-2025.pdf