Strategy Establishes $1.44B USD Reserve to Complement BTC Holdings

Strategy establish $1.44 bn USD reserve

Beside regular Bitcoin purchases, Strategy has established a $1.44 billion U.S. dollar reserve, stating the reserve is designed to support upcoming dividend and interest obligations.

The company said the reserve was funded through sales of Class A common stock under its at-the-market program. The reserve is expected to cover around 12 months of dividend and interest payments and may be expanded depending on market and liquidity conditions.

“Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit,” said Michael Saylor, Founder and Executive Chairman.

See announcement: https://www.strategy.com/press/strategy-announces-establishment-of-1-44-billion-usd-reserve-and-updates-fy-2025-guidance_12-1-2025

More tokens launched by auction

Recently there are several tokens using auctions to launch, e.g., MegaETH, Monad, Aztec... The most recent one Aztec used Uniswap's CCA (Continuous Clearing Auction), an auction type that allows buyers to automatically match with sellers (token issuers) on-chain. The design goals were to reduce MEV, timing games and strategy advantages whilst determining a fair, credible market price.

This week, Zama Protocol also announced auction on Jan 12–15 and Claim: Jan 20.

For more details: https://x.com/randhindi/status/1995439441343631705

China re-emphasized risk about crypto

Seven major Chinese financial industry associations jointly issued a risk warning, marking the most comprehensive crypto crackdown since the 2021 ban that drove all crypto exchanges out of the country.

The associations cover banking, securities, funds, futures, payment clearing, listed companies, and internet finance. They stated that all crypto-related business activities, including stablecoins, airdrops, mining, and, notably, real-world asset (RWA) tokenization, are illegal in China.

The statement reemphasized that virtual currencies, including stablecoins and tokens such as Pi coin, lack legal status and cannot be circulated in China. Individuals and organizations may not issue, exchange, or raise funds via RWAs or virtual currencies within mainland China. This restriction also applies if offshore companies employ staff based in China.

See original statement (in Chinese): https://www.cfachina.org/aboutassociation/associationannouncement/202512/t20251205_85380.html

About 1Token:

1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.

All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.