#Strategy增持比特币 MicroStrategy Increases BTC Holdings Core Logic

MicroStrategy's core views on continuously increasing Bitcoin (BTC) holdings can be summarized as follows:

1. "Digital Gold" Against Inflation

MicroStrategy founder Michael Saylor believes that Bitcoin is a superior inflation hedge compared to gold and fiat currencies. Its fixed supply (21 million coins) and decentralized characteristics protect it from the effects of excessive money printing, especially against the backdrop of the Federal Reserve's loose monetary policy, making BTC a long-term store of value asset.

2. Corporate Asset Allocation Strategy

MicroStrategy positions BTC as a core part of the company's financial reserves, holding approximately 150,000 BTC as of 2023. Saylor emphasizes that BTC's long-term appreciation potential far exceeds that of cash or short-term bonds, and its liquidity is sufficient to support corporate financial needs.

3. Regulatory and Institutional Recognition

The approval of a Bitcoin spot ETF and the participation of mainstream financial institutions (such as BlackRock and Fidelity) have enhanced the legitimacy of BTC. MicroStrategy has gained a first-mover advantage by positioning itself early, and may benefit from broader institutional adoption in the future.

4. Technological Network Effect

As the first and most secure blockchain network, Bitcoin's decentralized computing power and developer ecosystem form a moat, making its long-term value storage position difficult to shake.

MicroStrategy's accumulation behavior reflects its firm belief in BTC as the "ultimate reserve asset" and its attempt to capture the value growth brought by its scarcity through long-term holding.