#Metaplanet增持比特币

1. The 'Digital Gold' Against Inflation

Michael Saylor, the founder of MicroStrategy, believes that Bitcoin is a superior hedge against inflation 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 in the context of the Federal Reserve's loose monetary policy, making BTC a long-term store of value.

2. Corporate Asset Allocation Strategy

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

3. Regulation and Institutional Recognition

The approval of Bitcoin spot ETFs 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 through early positioning and may benefit from broader institutional adoption in the future.

4. Technical Network Effect

Bitcoin, as the first and most secure blockchain network, has formed a moat with its decentralized computing power and developer ecosystem, making its status as a long-term store of value 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.