#Strategy增持比特币 ｜Despite a loss of $4.2 billion, still choosing to increase holdings in Bitcoin, is this a gamble or a forward-looking strategy?

Strategy Company recorded a $4.2 billion paper loss in the first quarter of this year due to the decline in Bitcoin prices, equivalent to a loss of $16.49 per share. In the face of such a massive loss, many thought the company would choose to wait and see or even reduce its holdings. However, Strategy went against the tide, choosing to raise $21 billion through a stock issuance and once again increased its investment in Bitcoin.

Is this a wise move? Opinions in the market vary.

Supporters argue: Strategy's actions are in line with its long-term logic of "Bitcoin as digital gold." The current decline is just a normal fluctuation within the cycle; extending the timeline, Bitcoin, as a scarce asset, still has immense appreciation potential in the future. Strategy is taking advantage of the market panic to position itself at low levels, demonstrating a commitment to its beliefs and a strategic vision for contrarian operations.

Opponents worry: High-leverage increases could exacerbate risks in the next deeper downturn. If the market remains weak for a long time, the pressure on the company's balance sheet will continue to rise, and shareholder confidence may also waver.

In the long run, whether this gamble can "win in the future" largely depends on whether Bitcoin is gradually accepted by the global financial system as Strategy expects.

What do you think? Insisting on increasing Bitcoin holdings in a volatile market, is it a victory for the brave or a failure in risk management? Feel free to share your insights with #Strategy增持比特币 !