$BTC

Michael Saylor has announced that Strategy (formerly MicroStrategy) has purchased 6,911 BTC for a value of 584 million dollars, bringing the total of its reserves to 506,137 BTC, acquired for about 33.7 billion dollars.

The company continues to buy Bitcoin through substantial debt securities, which makes it vulnerable to any market declines. Furthermore, selling even a small part of its reserves could undermine investor confidence.

To finance these purchases, Strategy has recently expanded its stock offering by over 200 million dollars. However, it has negative cash flows and its debt exposure poses a significant risk.

The price of Bitcoin is rising, but Strategy's reliance on unsecured debt could cause problems if the value of the cryptocurrency were to crash. The community is closely monitoring Strategy's movements, as any potential forced liquidation of its BTC would be seen as a strongly bearish signal for the market.