💥The firm Strategy, led by Michael Saylor, plans to increase its stake in #bitcoin from 3% to 7% of the total supply.

Saylor downplays concerns about this aggressive strategy, noting that other large corporations have higher stakes. The company, which recently reported a record profit of $10 billion in the second quarter, will finance future purchases of $BTC with new preferred shares to avoid dilution of common shares, consolidating its model as a "Bitcoin treasury machine."