According to a CryptoQuant research report, Strategy (MSTR) established approximately $1.44 billion in reserves this week for preferred stock dividends and existing debt interest, signaling "preparation for a bear market." The institution pointed out that the current bear market started in early November and, if it continues, Bitcoin may fluctuate between $70,000 and $55,000 next year. CFO Andrew Kang stated that these USD reserves serve as a liquidity risk control tool and will continue to be replenished when mNAV>1. At the current BTC price of around $92,700, the company can maintain operations and dividends for over three years, and selling BTC would only be a "last resort." (The Block)