Recently, there have been major movements in the cryptocurrency space! MicroStrategy has significantly increased its Bitcoin holdings for the ninth consecutive week, purchasing $1.1 billion worth of Bitcoin between January 13 and 20, at an average price of $101,191, while Bitcoin prices remain near the $100,000 high.

Since the launch of the "21/21" plan in October 2024, it has also proposed a substantial increase in the number of common shares at the shareholder meeting to raise funds for buying Bitcoin. Currently, its total holdings amount to 461,000 Bitcoins, valued at $48.51 billion, with an unrealized gain of $19.2 billion, firmly holding the top position in global Bitcoin holdings.

However, this operation also carries risks. Bitcoin prices are highly volatile; if they drop, MicroStrategy's net asset value premium will shrink, facing a $7.2 billion convertible bond repayment risk, and its core business is losing money, while $BTC does not generate cash flow. JPMorgan analysis indicates that it accounted for 28% of the inflow into the cryptocurrency market in 2024, but executives are selling stocks.