Strategy has maintained its aggressive Bitcoin acquisition strategy during market downturns by leveraging equity markets and reserves. The company recently purchased 10,645 BTC for $980.3 million, raising its total holdings to 671,268 BTC. This acquisition was funded primarily through at-the-market (ATM) equity sales, which generated $888.2 million in net proceeds from selling 4,789,664 shares of MSTR. To support its Bitcoin buying strategy, Strategy has built a $1.44-billion reserve to mitigate concerns about being a "forced seller" during prolonged market slumps. This reserve is intended to cover dividend and interest obligations, ensuring the company can continue its Bitcoin accumulation without selling its holdings. Strategy's model relies on issuing common and preferred stock, as well as debt, to fund its purchases, with a focus on increasing Bitcoin exposure per share rather than just total holdings.