Odaily News Bitcoin advocate Max Keiser published an article on May 30, criticizing the recent Bitcoin finance companies that mimic the MicroStrategy model, questioning their ability to maintain financial discipline in a long-term Bear Market. He stated that Michael Saylor continuously increased the position and never sold during past Bear Markets, while many 'strategy clone companies' have not experienced similar market environments, and if faced with a pullback, may not demonstrate the same strong Holdings attitude. Keiser wrote: 'Saylor has never sold even when experiencing unrealized losses, continuing to buy. It is foolish to think that the new generation of BTC finance companies will have the same discipline. 'Strategy is the Bitcoin entity in Bitcoin financial operations,' please act accordingly.' After MicroStrategy's stock price surged significantly, reaching a peak of $543, dozens of strategy imitators emerged in the market, such as the asset management company Strive (founded by Vivek Ramaswamy) announcing on May 7 that it would adopt a BTC reserve strategy; Trump's media technology company TMTG also announced on May 27 that it would raise $2.5 billion to purchase Bitcoin. Additionally, analysis indicates that Metaplanet currently has a premium of up to $600,000, with investors paying nearly six times the cost of directly purchasing coins to gain BTC exposure, and the premium risk is worth being cautious about.

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