🧠 #AiCoin Micro Perspective: MicroStrategy's Dual Strategy and Market Play 🎢 📉 Software Business Marginalization MicroStrategy's data analytics segment has been declining since 2014, while Bitcoin investments have become the primary driver of its market value. Losses on paper are mainly due to accounting rules, as their Bitcoin holdings are acquired below the market price. 📊 💰 Funding Sources: Convertible Notes and Equity Dilution Convertible Notes 📜: These offer future stock conversion options, reducing debt costs and enhancing liquidity. Equity Dilution 🏦: The issuance of additional shares to buy Bitcoin relies on price increases to manage debt levels. This strategy enables Bitcoin holdings expansion without significantly increasing debt risk. ⚠ The challenge is the dependency on Bitcoin price growth; negative sentiment could trigger a chain reaction. 🌪 🔍 BTC Market "Amplifier" Accounting rules require impairment for market dips but ignore price rises, creating apparent losses. Their low-cost holdings could better reflect crypto volatility under new principles. 📈🔄 Will you invest in BTC-concept stocks in 2025?