MicroStrategy: The Life and Death Game of the World's Largest Bitcoin Whale
【Plain Language Guide】MicroStrategy (now Strategy Inc.) holds 670,000 BTC, accounting for 3.2% of the global total, transforming from a software company into a Bitcoin reserve entity.
Its model leverages stock premiums, issuing ATMs, perpetual preferred shares, and the “42/42 Plan” to raise $84 billion in financing to increase Bitcoin holdings, creating a flywheel effect. Rumors of selling coins are false; they are actually wallet rotations, with continued buying.
Software business losses rely on financing. Risks include MSCI index removal, NAV premium compression, and debt pressure, testing its Bitcoin financialization strategy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MicroStrategy: The Life and Death Game of the World's Largest Bitcoin Whale
【Plain Language Guide】MicroStrategy (now Strategy Inc.) holds 670,000 BTC, accounting for 3.2% of the global total, transforming from a software company into a Bitcoin reserve entity.
Its model leverages stock premiums, issuing ATMs, perpetual preferred shares, and the “42/42 Plan” to raise $84 billion in financing to increase Bitcoin holdings, creating a flywheel effect. Rumors of selling coins are false; they are actually wallet rotations, with continued buying.
Software business losses rely on financing. Risks include MSCI index removal, NAV premium compression, and debt pressure, testing its Bitcoin financialization strategy.
For more details, see: