Strategy Inc. (MSTR) is catching a bid Friday as Bitcoin-related stocks swing higher amid cryptocurrency market turbulence. When Bitcoin moves, Strategy moves—and today's no exception.

Bitcoin's Rollercoaster

Bitcoin is bouncing around in a range between $88,323 and $90,833, up about 2.5% on Friday. That's the good news. The not-so-good news? The cryptocurrency has tumbled nearly 15% over the past six months, putting Strategy's massive $60 billion Bitcoin treasury under some serious pressure.

To manage that risk, the company just established a cash reserve of $1.44 billion—a hedge against the very volatility that defines its core strategy. The cash pile is substantial enough to fund at least twelve months of dividend payouts, with the company targeting coverage for 24 months or more.

"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 of Strategy Inc..

Wide-Open Guidance

Strategy's full-year 2025 outlook reflects just how wild the ride could get. The company projects operating income ranging from a $7 billion loss to a $9.5 billion profit. Diluted earnings per share? Somewhere between a $17 loss and $19 in earnings. That's not guidance—that's a choose-your-own-adventure book.

Today's Action

MSTR Price Action: Shares were up 4% at $158.07 at the time of publication on Wednesday.