Strategy (formerly MicroStrategy) and its subsidiaries jointly hold approximately 499096 bitcoins—— The total purchase cost is approximately $33.1 billion, with an average purchase price of $66357 per Bitcoin. Obviously, they will buy one! Why can it be operated like this? for instance: If you compare Bitcoin to early Manhattan or Beijing and Shanghai in China; So Weice is like a super player collecting Manhattan real estate and land. They believe that now is the super early days, and Manhattan's land can still rise dozens of times. Buying land will become increasingly valuable, Gradually, they acquired a lot of land, not only buying it themselves, but also borrowing some money to buy it. They believe that real estate will become increasingly expensive, so they are not afraid of price drops. Their way of borrowing money is also very clever, and they are not easily forced to sell land to repay debts. They use a clever method called 'convertible bonds'. The meaning is that people who lend money to Weice can choose to use Weice's' shares' as repayment instead of insisting on cash. If the land price drops, these people may say, 'It's okay, we just need to take some shares,' so Weice doesn't have to sell the car immediately to repay the money, and the risk is much smaller. And these bonds take several years to mature, so they have time to wait for Bitcoin to rise back. However, if both Bitcoin and Micro Strategy shares become worthless at the same time, the borrower may still say, 'Pay back the money quickly!', That micro strategy requires buying land and paying back the money. So the risk has decreased, but it hasn't completely disappeared