seastory
2024.12.23 16:06

$Strategy(MSTR.US)'s strategy of selling stocks to buy BTC has two risks: 1. transferring the risk of stock price decline to shareholders while keeping the BTC profits for itself; 2. if BTC continues to fall and cannot support the market value, it will lead to a decline in stock price. To prevent BTC from falling, the company must sell stocks to buy BTC, but selling stocks causes the stock price to fall, which in turn affects BTC's decline, forming a downward spiral with BTC, similar to Luna in 2022.

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