In the crypto assets industry, #Strategy is a very unique company - it has abandoned its main business to become a completely Bitcoin company. Currently, the company holds approximately 506,137 BTC, with a total investment of about $33.7 billion, and an average purchase cost of $66,384 per coin. There have been many interpretive articles on the strategy of purchasing Bitcoin through the issuance of convertible bonds.

Convertible bonds are essentially debt instruments that need to repay principal and interest at maturity, although some of the company's convertible bonds are zero-coupon bonds that only require repayment of principal. If the company lacks sufficient cash flow or the value of Bitcoin is not enough to cover the debt at maturity, it may face default risk.

The approach of Strategy is very clearly a high-risk, high-reward play. Of course, there is a very important core premise that the price of BTC will rise in the long term. In this process, Strategy needs to address three issues:

1⃣Smooth out the high volatility of Bitcoin prices to avoid threats to the balance sheet from high price fluctuations. The best way is to lobby large institutions, major corporations, and sovereign governments to purchase Bitcoin to reduce BTC volatility. This makes it easy to understand why founder Michael Saylor puts so much effort into lobbying large corporations and institutions to buy Bitcoin. Moving forward, he will continue to spare no effort in this endeavor. Safety only exists when everyone is in the same boat; prosperity and loss are shared.

2⃣ Actively lobbying the government to relax or introduce regulations or bills that benefit the crypto industry. Fortunately, Trump has a four-year term ahead, and as things stand, Trump has a positive stance on the crypto industry. For Michael Saylor, the next four years will be about building a good relationship with the government and expanding his circle of allies. This is a core strategic objective.

Finally, we also hope that the Federal Reserve does not suddenly tighten liquidity, but this situation carries the highest uncertainty, and we can only hope that no black swan events occur.

Regardless, in the coming years, the price trend of BTC must be a key observation subject for the Strategy. #PARTI上线福利 #Solana ETF申请 #DOGE启动官方储备