⚡️ Strategy invests $1.05 billion to buy the dip in Bitcoin! Confidence or gambling?
🔍 Key Events
According to public disclosures, Bitcoin's largest corporate holder Strategy (formerly MicroStrategy) spent $1.05 billion from June 9 to June 15 to increase its holdings by 10,100 BTC at an average price of $104,080. This move increased its total holdings to 592,100 BTC, with a total investment cost of approximately $41.8 billion and an average cost of $70,681 per coin (current floating profit over 50%).
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💡 In-Depth Analysis
1. Continuation of the “buying the dip” strategy
This increase in holdings coincided with escalating geopolitical conflicts in the Middle East (Israel's attack on Iranian nuclear facilities), causing Bitcoin's price to drop from $108,900 to $99,000. Strategy seized the opportunity to buy more, continuing its consistent strategy of “buying on the way down,” having previously bottomed out 6,911 BTC at an average price of $84,529 in March.
2. Financing shifts to preferred shares
This purchase was entirely reliant on the issuance of preferred shares (as opposed to common stock), raising a total of $1.058 billion through three classes of preferred shares, avoiding the dilution risk of common stock. CEO Michael Saylor referred to this as “no-risk premium financing,” but critics (such as short-selling master Jim Chanos) questioned the stock valuation bubble.
3. Long-term confidence anchored in “digital gold”
Saylor has repeatedly emphasized Bitcoin as the “ultimate anti-inflation asset,” predicting it could rise to $21 million in 21 years. Strategy plans to raise another $42 billion through the “21/21 plan” to continue increasing its holdings, aiming for a position that represents 5% of Bitcoin's total supply.
4. Institutional following, with a global net inflow of $1.19 billion for listed companies
The corporate buying spree led by Strategy spreads:
- Japan's Metaplanet invested $117 million to acquire 1,112 BTC, bringing its total holdings to 10,000 BTC;
- Remixpoint followed with an investment of $22.7 million, breaking the thousand BTC mark.
Giants like BlackRock also increased their holdings in Strategy by 5%, indirectly betting on Bitcoin.
A bull market returns, and my AI is about to take off too 🛫.#Allindoge
