#Strategy加仓BTC Another round of疯狂 buying! This publicly listed company spent $1.25 billion from January 5 to 11 (average price $91,519), acquiring 13,627 BTC in one go. Its total holdings have now surged to 687,410 BTC, with a market value of approximately $62 billion. The continuous pace of adding positions is simply unstoppable.

What does this mean? Let the numbers do the talking. Since 2020, this institution's average cost has been just $75,353, with unrealized gains exceeding $10 billion. Every large purchase has coincided with market pullbacks or volatility, and this time is no different—adding at prices above $91k clearly shows long-term optimism for Bitcoin over the next few or even ten years. They don't care about short-term price fluctuations; their vision is very long-term.

The financing strategy is also quite interesting. The funds for this round of buying mainly come from the issuance of common stock and perpetual preferred stock(STRC). STRC recently broke through the $100 mark, a new high since November last year, indicating strong market recognition of this "Bitcoin + leverage" allocation model. Michael Saylor's team essentially keeps raising equity to "print money" to buy BTC, creating a positive feedback loop.

The attitude compared to other institutions highlights the difference. Many companies and funds are starting to reduce holdings or hold steady at high levels, but this one is increasing positions against the trend and even accelerating. This is no longer just a matter of personal conviction but a signal of institutional-level asset allocation—treating Bitcoin as a core reserve asset. Traditional finance's recognition of BTC as a "reserve asset" is gradually increasing, and this institution is leading by example.

But risks can't be ignored. Price volatility is indeed intense, with a high correlation to BTC, and during market pullbacks, declines often surpass BTC's. Debt pressure is also significant; relying on equity and preferred stock to buy BTC means paying $700-800 million annually in interest and dividends. Recently, they set up a $1.4 billion reserve fund to hedge risks, but if Bitcoin enters a prolonged bear market, cash flow will face severe tests.

Retail investors should not be led astray. This listed company has financing channels, institutional backing, and a long-term perspective. For retail investors, dollar-cost averaging with small positions remains the safest approach. I’d like to hear your thoughts—are these additional purchases a case of the "delicious law" or gambler's behavior? How much confidence do you still have in Bitcoin's long-term trend? See you in the comments—where will BTC be in 2026? Let’s discuss.